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Stock impact report

How Movado Competes in the Apple Watch Era [The Motley Fool]

Movado Group Inc. (MOV) 
Last movado group inc. earnings: 3/26 06:45 am Check Earnings Report
US:NYSE Investor Relations: movadogroup.com/investor/index.cfm
Company Research Source: The Motley Fool
How Movado Competes in the Apple Watch Era Luis Sanchez ( Tomahawk Apr , 09 at 7:AM Apple NASDAQ:AAPL Movado NYSE:MOV Apple's impact on the watch industry Four years after the launch of the Apple Watch, Apple is now the world's largest watchmaker. Although Apple doesn't disclose sales for its watch, it has been reported that Apple shipped . million watches in 08 Apple has taken market share away from traditional watch companies, but its impact has been mostly felt by mid-tier watchmakers. High-end luxury watchmakers that sell items priced in the thousands of dollars -- think Rolex or Patek Philippe -- have maintained their sales volume, while companies that sell watches for $00 or less have seen sales stagnate or decline. That makes sense, because people who buy watches for $,000+ dollars are buying them more for fashion than function. Mid-tier watchmakers have responded to the new competitive threat from Apple in different ways. Some watchmakers like Fossil NASDAQ:FOSL have embraced Show less Read more
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