ARE SMART WATCHES A REAL THREAT TO HIGH-END TIMEPIECES? A RECENT CHANGE OF HEART BY AN INDUSTRY VETERAN MAY SIGNAL THE TIDE IS CHANGING IN A WORLD OF PERMANENT CONNECTIVITY, WRITES Sean Li
There’s a term increasingly bandied around to describe the generation born into the internet world—the millennials. The online world has become so prevalent and accessible that it’s easy to forget it wasn’t so long ago that it entered our lives and became a vital tool in everything from day-today communications to work, travel and entertainment. Just look at the harried faces of travellers post-check-in as they try to get online even before reaching their rooms. It’s as if we’re already living in The Matrix and don’t know it.
This world of almost permanent connectivity is presenting the watchmaking industry, particularly the high end, with a potential challenge in the form of smart watches. It’s a moment of déjà vu. There was a time when the mechanical timepieces we so treasure today were effectively on life support. The quartz crisis of the late 1970s