Demand and Supply in action - is the wristwatch on its way out?
Wednesday, November 03, 2010
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This is an interesting demand issue. Jewelers are saying that the demand for wristwatches has significantly decreased. The fall in demand is apparently down to the large number of other time telling devices on the market such as iPods and mobile phones.
86 per cent of people still own a watch and more than nine in ten own a mobile. However those aged 25 or younger were twice as likely as those in their forties or fifties to have stopped wearing a watch, with 28 per cent not having one. Could this mean the clock is ticking for the wristwatch?
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