Swiss Watchmakers Turn Pessimistic as Smartwatch Risk Looms

Updated on
  • Watchmaker executives most negative since 2012 in study
  • Strong franc highlighted as biggest risk by Deloitte report

An Alpina smartwatch, with diamonds and a steel bracelet.

Source: MMT via Bloomberg

Swiss watchmaker executives are the most pessimistic in four years as an increasing minority see a threat from smartwatches and the strong franc buffets the industry, a Deloitte LLP report showed.

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