An NPD survey is suggesting the Apple's Watches has pushed watches sales to the lowest point since 2008.
This decline is that the largest since it is a similar decline in 2009 due to the financial crisis in world.
NPD has found that the watch-makers sold near about $385 million worth of the watches in June/July, its down 11% percent from the last year.
At this point the suggestion is that the Apple had something to do with this. Anyway, I would Like to argue that the entire market of smart-watches – from Motorola,Pebble, Fitbit and also Apple – are putting a serious dent in the fashion of watch market.
Kids have when graduated then so there are no Rolexen to be bought.Summer is traditionally is a tough time for the watch-makers. There are the some holidays in these fallow months because barring a bit of duty-free watches tourist trade, there are few opportunities for the folks to pick up anything new from watch-market.
Further, industry has fairly low-key over the past some years in reaction to confusing the consumer demand.
Ultimately Watches industry is up against the wall. When it is faced with the choices between a Fitbit and a Fossil, I suspect that the average tech, savvy buyer would be buy fitness band. While this should leave Watches lovers, it’s the state of the things and it will soon be the new normal.