Swatch tries to jump into smartwatch market on its own terms

Swatch wants to have a bigger presence in the growing smartwatch market, but doesn't mind going it alone.

Published Mon, Sep 1 2014 4:09 PM CDT   |   Updated Tue, Nov 3 2020 12:15 PM CST

Watch maker Swatch looks forward to launch its own smartwatches next year, with the aim of competing for a multi-billion-dollar industry that analysts expect Samsung, Apple, and other companies to dominate in the coming years. Swatch is the largest watchmaker in the world, and hopes its new Swatch Touch - scheduled for release in 2015 - will help shake up the smartwatch market even further.

Swatch tries to jump into smartwatch market on its own terms | TweakTown.com

"Our first message for customers is the watch," said Nick Hayek, Swatch CEO, in a recent interview posted on Reuters. "If they like it, they might also be interested in the extra functions. It is a problem if you only define a product by its technology. Technology alone doesn't sell, not in watches."

Analysts believe Swatch could take a two percent revenue and earnings hit from potential Apple iWatch growth with each 10 market share the iWatch can capture. Swatch and Apple would be able to offer a lucrative product, but Swatch wants to continue selling fashionable watches - and not just focus on technology.

NEWS SOURCE:reuters.com

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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