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Watch careers on the way out?

by Jordan Ficklin

Friday yahoo declared that watch careers were on the way out: 9 Careers on the way out. They attribute this to cell phone use displacing watch consumers. Too bad the Swiss watch industry exported 26 Million watches in 2008 (the most ever) totaling 17 Billion Swiss Francs, a 7% increase over the previous year. (See FHS Statistics) Granted 2009 was slower, but it nothing to do with cell phones and everything to do with the world economy, you will note that mobile phone sales were also way down in 2009. I think I’ll stick with watchmaking for now, I think the future is good for us.

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