Is there a market for high end smart watches?

Episode 1154 (2:22:46)

Dave from Fullerton, CA
Apple Watch

Dave says that there will be a market for the Apple Watch. Leo agrees and says that Swiss watches are worried that these smart watches will put them out of business. Especially the really expensive watches. But those expensive ones are status symbols, and nothing more. A good reliable watch now is under $10 thanks to quartz movements. It's really all about jewelry.

In the smartphone era, not many kids wear watches. So the question is, will there be a market for smart watches? Apple's key to success is to go after the high end market and drive people to them. And they can't keep their products in stock.