cool electronics

Are the approximated 20 million patient which are expected to acquire an Apple Watch this year having a chilling impact on traditional watch sales?

There are signs that some customers are holding back buying other timepieces, experts said.

“Consumers are considering the investment involved in an Apple Watch and also could be intending in advance by not buying other watches,” said Nomura expert Simeon Siegel.

Fossil Team, makings watches for Michael Kors, Tory Burch, DKNY and also other big designers, reported a 7 percent decline in earnings in the initial quarter, to $725 million.

Michael Kors, for one, is feeling some pain. “Our watch website is not healthy and balanced in North America,” said CEO John Idol today, adding “whether that’s something that’s a fad, whether that’s something that’s driven around other access right into the group, we’re not exactly One Hundred Percent certain.”

Kate Spade shares are down 22 percent this year, while Michael Kors shares are off 38 percent.