Mars2014:
"There's a lot of noise about smartwatches, but you don't see them on people's wrists," Francois Thiebaud, head of Swatch Group SA's Tissot brand, told Reuters in an interview at a watch fair in Basel.
26August2014 WSJ:
Smartwatches could eat as much as 10% of sales of Swatch's entry-level plastic brand and 5% of its midrange brands, which include Tissot and Mido, in 2015 and 2016, said Luca Solca, an analyst at Exane BNP Paribas.
"Nick Hayek is very concerned for sure," said Mario Ortelli, an analyst at Bernstein.
Nervousness over Swatch's vulnerability has contributed to a selloff in the company's stock. Over the past 12 months, Swatch shares have fallen nearly 11%, more than rivals Compagnie Financière Richemont SA and LVMH Moët Hennessy Louis Vuitton SA, which have dropped 5% and 6%, respectively.
http://online.wsj.com/news/article_email/swatch-switches-gears-on-smartwatches-as-apple-looms-1409001025-lMyQjAxMTA0MDIwNjEyNDYyWj