Swatch group’s bossman, Nicholas Hayek thinks that Fossil group and other fashion or mid range watches don’t have much of a future. In a recent interview with an Indian newspaper, the wristwatch baron shared his view about which three segments of the wristwatch industry would survive the onslaught of cellphone and the ipod – First, Technology watches that measure everything from your pulse to your location, Second – $1-30 USD cheap watches for the sole purpose of telling time and the high end “Art form” watches which, according to him, are masterpieces where each component is quote unquote handcrafted by the Supreme Masters of Horology and can be compared to such works as those by Picasso or the Monet.
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