I'm curious how that $46B breaks down. It's not like the Apple watch will ever compete with a Rolex, Patek Phillipe, Parmigiani, Frank Muller or Cartier for example. People buy those watches for style and to show off.
Then again, I could totally see some of the high-end watch companies creating exceptionally nice bands for the Apple watch to meet the need for style and showing off.
Whatever they make though, it better be waterproof. A watch that isn't waterproof simply isn't that practical for most people. No one wants to have to fiddle with taking it off their wrist and stuffing it in their pocket at the first sign of rain.
"By product, Luxury watches remains the largest segment in the global watches market. Mass-priced watches represents the fastest growing watches segment, waxing at a CAGR of about 2.6% over the analysis period."
Somehow I don't see Apple making a watch that's either mass-priced (<$50) or Luxury (>$1,000).
For them to have a sufficient umbrella and make high-end profits (that they are used to) they'd have to be in the "Middle-priced watches" which, at least according to that article, is neither a big pie nor growing.
Then again, Apple's strategy is to disrupt markets by creating new segments, so my guess is if they do release a "watch" (whatever form that takes) it won't fit into one of those buckets above. They'll create their own.
Comments
I'm curious how that $46B breaks down. It's not like the Apple watch will ever compete with a Rolex, Patek Phillipe, Parmigiani, Frank Muller or Cartier for example. People buy those watches for style and to show off.
Then again, I could totally see some of the high-end watch companies creating exceptionally nice bands for the Apple watch to meet the need for style and showing off.
Whatever they make though, it better be waterproof. A watch that isn't waterproof simply isn't that practical for most people. No one wants to have to fiddle with taking it off their wrist and stuffing it in their pocket at the first sign of rain.
"By product, Luxury watches remains the largest segment in the global watches market. Mass-priced watches represents the fastest growing watches segment, waxing at a CAGR of about 2.6% over the analysis period."
breakdown being:
"Mass-Priced Watches (Under $50), Middle-Priced Watches ($50-$299), Upper-Priced Watches ($300 - $999), and Luxury Watches ($1000 - $5000)."
Somehow I don't see Apple making a watch that's either mass-priced (<$50) or Luxury (>$1,000).
For them to have a sufficient umbrella and make high-end profits (that they are used to) they'd have to be in the "Middle-priced watches" which, at least according to that article, is neither a big pie nor growing.
Then again, Apple's strategy is to disrupt markets by creating new segments, so my guess is if they do release a "watch" (whatever form that takes) it won't fit into one of those buckets above. They'll create their own.
It's not like the Apple watch will ever compete with a Rolex, Patek Phillipe, Parmigiani, Frank Muller or Cartier for example.
Unless Apple manages to build a Bluetooth complication. http://en.wikipedia.org/wiki/Complication_(horology)