9 years ago
2
Apple Helps Push U.S. Watch Sales to Biggest Drop in Seven Years
U.S. watch sales fell the most in seven years in June, one of the first signs Apple Inc.’s watch is eroding demand for traditional timepieces. Retailers sold $375 million of watches during the month, 11 percent less than in June 2014, according to data from NPD Group. The 14 percent decline in unit sales was the largest since 2008, according to Fred Levin, head of the market researcher’s luxury division.
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http://www.bloomberg.com
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If Apple haven't released sales data for their watch, how can this be factual? Watch buying must reach a saturation level, how many do you need?
I'm not really sure it is. I also don't understand how watches under "$1000" are going to be the most affected? I mean if I"m going to spend $400 on a watch its going to be a nice automatic that I can have serviced down the road.