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When the first Apple iWatchlaunched, there was speculation all round on whether it would make a dent in the high-priced Swiss watchindustry that prizes itself on being an exclusive club that dictates official production standards, increases prices every year and guards its technologies closely Initially the big watchmakers said smartwatches would actually help their cause by getting millennials to upgrade to mechanical watches Later that turned to a note of caution when 2016 saw Swiss watchexports drop by almost a million units to 69 million watches— almost the same as 2012-levels, according to the Federation of the Swiss WatchIndustry Experts and company CEO’s alike concurred that smart-watcheshad their limitations: smartwatches like Apple’s would have to be recharged and would undergo multiple software updates and new versions and like most electronic gadgets would eventually become obsolete.
Furthermore, there’s little investment-grade value with smartwatches nor do they have individual style quotient unlike handmade . Source
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