Pursuits
Swatch Chief Hayek Skeptical That Watch Could Replace an IPhone
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Swatch Group AG Chief Executive Officer Nick Hayek said he’s skeptical that an interactive watch could replace an iPhone, talking down the prospects for a project that Apple Inc. has hinted it’s working on.
“Personally, I don’t believe it’s the next revolution,” the chief of the largest Swiss watchmaker said at a press conference on annual results in Grenchen, Switzerland. “Replacing an iPhone with an interactive terminal on your wrist is difficult. You can’t have an immense display.”