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Time to panic? [watches]

Time to panic? [watches]

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While China and Asia are critical export markets for the luxury watch market segment and important manufacturing bases in the mass-market sector, Switzerland has maintained its iconic status, despite a near catastrophic failure to react to the quartz watch revolution in the 1970s. The word Switzerland is sometimes used as a generic term for the Swiss watch industry, with Swiss exports often seen as a benchmark for the market. Industry commentators routinely gauge Switzerland's reaction to changes in the stock market or to the threat of innovation coming from outside.

http://iet.metastore.ingenta.com/content/journals/10.1049/et.2013.1203
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