- Arjun Kharpal
Apple Watch outsold the entire Swiss watch industry in 2019
The Apple Watch outsold the entire Swiss watch industry in 2019, according to a new report.
Market research firm Strategy Analytics estimates that Apple shipped 30.7 million units worldwide of its smartwatch last year, compared to 21.1 million for all Swiss watch brands combined.
“Analog wristwatches remain popular among older consumers, but younger buyers are tipping toward smartwatches and computerized wristwear,” Strategy Analytics said in its report.
“Traditional Swiss watch makers, like Swatch and Tissot, are losing the smartwatch wars.”
Apple’s wearable category which includes the Apple Watch and AirPods wireless headphones, has been growing strongly. In the December quarter, that division brought in over $10 billion in net sales, a near 27% year-on-year increase.
Swiss Watch exports meanwhile totaled 20.6 million for 2019, according to data from the Federation of the Swiss Watch Industry. These do not include shipments inside Switzerland which is why Strategy Analytics’ numbers for the industry are higher. Swiss watch exports fell 13% year-on-year in 2019.