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Fossil CEO: Wearables Smothering Swiss Watch Business

Posted by samzenpus on from the watching-the-watchmakers dept.

itwbennett writes: I think technology and the whole idea of wearables ... has taken some of the oxygen out of the Swiss business,' Fossil CEO Kosta Kartsotis told analysts on a call to discuss the watch maker's second quarter results. These new competitors, along with other factors like a strong U.S. dollar, contributed to Fossil's quarterly revenue decline, Kartsotis said. Last week, a report from market research firm NPD Group claimed the Apple Watch was partially behind the largest slump in U.S. watch sales since 2008.

2 of 202 comments (clear)

  1. Haha... by fuzzyfuzzyfungus · · Score: 4, Funny

    This story is amusing because a company named 'Fossil' produces obsolete products.

  2. Re:It really does look like a calculator watch by drinkypoo · · Score: 3, Funny

    What's wrong with the calculator watch? You're on slashdot, most folks here wore one for years... or at least I hope they're still around here somewhere.

    The last time I thought calculator watches were cool, I was a tween getting beat up for being the kind of person who thought calculator watches were cool.

    --
    "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"