Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Swatch Vs iWatch: Swatch CEO is not Impressed by Possibility of Apple iWatch

Swatch Vs iWatch: At this point, it is safe to say that millions upon millions of people are wondering if Apple Inc. (NASDAQ:AAPL) is going to release an iWatch to the public in 2013. This would be a new product from the tech giant, and one that is sure to make waves throughout the industry.

Apple Inc (AAPL)Apple Inc. (NASDAQ:AAPL) is actually the smart money’s second favorite publicly traded company but hedge funds have started dumping Apple in favor of a surprising financial stock (see which stock hedge funds are buying like crazy).

With all this in mind, there are some people who are not nearly as impressed at the thought of Apple joining the space. There are some who feel that an iWatch is not going to be anything special. Among those people is Swatch CEO Nick Hayek.

Bloomberg has been following this story closely, and has a quote from Hayek taken during a press conference on annual results in Grenchen, Switzerland:

“Personally, I don’t believe it’s the next revolution. Replacing an iPhone with an interactive terminal on your wrist is difficult. You can’t have an immense display.”

Whether or not Hayek is correct is yet to be seen. That being said, Hayek does have quite a bit of experience in the industry. He definitely knows a thing or two about what the industry is looking for and how to achieve sustainable success.

Hayek went on to add that there are other reasons, besides size, that consumers may not be interested in an iWatch. For example, he talks about the fact that people typically buy a watch for style and would rather change from time to time.

At this time, Apple Inc. (NASDAQ:AAPL) is thought to have at least 100 designers working on an iWatch device that could reportedly handle many of the tasks of the current generation iPhone and iPad.

Swatch is one of the major players in the watch industry, owning both Omega and Tissot. In fact, the company tried to “sell a watch that served as a mobile phone early last decade.”

Do you agree with what Hayek has to say, or do you believe Apple Inc. (NASDAQ:AAPL) is onto something? Share your thoughts in the comment section below.

Check back here for more updates on Swatch Vs iWatch.

DISCLOSURE: I have no positions in any stock mentioned.

For more news stories, visit the following pages:

Apple Inc. Market Cap Drops, No Longer Most Valuable Company

Global App Revenue Continues to Grow, Thank the Apple Inc. iPhone

Alex Gauna Talks Apple Inc. vs. Samsung

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!