"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.
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"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.