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What a $10,000 Smartphone May Mean for the Watch Industry

A Vertu Ti smartphone
A Vertu Ti smartphone Photograph by Dominic Lipinski/AP Photo

In a certain rarified world, men and women pay King Farouk-like amounts of money for a wristwatch. You know, like spending as much on an IWC as you might on, say, a Rolls-Royce Wraith.

According to an article on Business Insider, this crowd—and the companies that furnish it with timepieces that cost as much as real estate—feels no pressure from possible wrist-borne computers from Apple and Samsung.