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Q.

Once Switzerland had virtual monopoly of wristwatches with brands like Rolex, Omega etc. Of late they seem to have lost this edge. Is it true? Your views?

Asked by Good Citizen, 10 Feb '10 02:12 pm
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Answers (5)

 
1.

It is true, watch making was once the monopoly of the Swiss and there was a time when 95% of the expoert earnings of trhe Swiss were from the export of watches, Later Japan entered the scene and made inroads into the Swiss forte, with the bead and butter models from the stables of Seiko and Citizen, As these watches were comparatively cheaper, and the Japanese were quick to innovate with the newer Quartz technolgy, the Swiss lost its monopoly in watches, But the Japanese brands like seiko and Citizen never make top end models and this exclusive zone of expensive watches is still ruled by the Swiss, Patek Phillippe, Vacheron Constantin, Paymond Weil, Chappard, Breguet, etc etc are the top of the line brands of swiss manufacturers reigning supreme without a challenge, Eventhough the Jpanese could snatch away the monopoly of the Swiss in the ordinary models, the luxury models of watches continue to be the moniopoly of the Swiss, with no real threat from anyone
Answered by thampy chacko, 10 Feb '10 02:40 pm

 
  
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2.

Not at all. Switzerland still retains its Numero Uno position in niche category of watches. It is true that there is an intense competition in the middle category watches especially from Japan and France. Finally, there are watches coming out of Chinese factories which you can buy in kilos. Yeah. They are weighed.
Answered by Tony Fernandez, 10 Feb '10 02:34 pm

 
  
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3.

Very True, Generally pioneer finds it difficult to maintain their leadership for long. They were the pioneer and mastered the technology which was slowly but gradually was learned by Japan, India , Korea & others and with new inventions and tough competition they lost some of the cream market...Its not that Swiss has lost whole market but for sure their market share has reduced drastically.

Same like Hockey & india, Cricket & England, Electronics and Japan, Cars and USA etc....
Answered by Mohammed asim nehal, 10 Feb '10 02:20 pm

 
  
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4.

Now its concentrating on other profitable business-Banking
and its major customers are Indian Politicians
Answered by manoj thakur, 10 Feb '10 02:31 pm

 
  
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5.

Yes you are right
Answered by rajnikant raiyarela, 10 Feb '10 02:14 pm

 
  
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