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Swatch sees smartwatches as opportunity, not threat

10
Jan
2014

The emergence of smartwatches, gadgets allowing the wearer to check text messages or capture video, is an opportunity rather than a threat for traditional watchmakers, the head of Swatch Group told Reuters on Friday. Tech companies Sony , Samsung and Qualcomm have all launched wearable devices able to make calls, access the web or run apps, raising questions over whether this new trend could impact traditional watch sales. The smartwatch is an opportunity for us, whatever happens. He said Swatch Group had all the know-how necessary to make smartwatches and already had some smart products on the market, but didnt intend to become a big player in this field.

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