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Overview
Watches and clocks are timekeeping equipment that are part of growing industry which is primarily of manufactures as well as assemblers of watches, time, clocks and date capturing devices which are part of springs, jewel and modules. By the virtue of this report, I have performed extensive analysis on watches, deep diving into the history of this gadget and transformation as the consumer evolved with time. Furthermore, in this report you are also going to find the rationale behind their expensive pricing of Apple Watches and consumer insights. Furthermore, I have broken down the report taking into the consideration history of watches and technology transformation that have resulted into smartwatch. I have explained the success of watches today especially smartwatch using the framework of Maslow's Hierarchy of Needs as well as leveraging the concepts of self-esteem and self-consciousness. Apple Watch was an instant success and most in-demand gadget in present dynamics of watch market. It dominates more than 75% of the smart watch market.
Technology History
Basically, the concept of the wristwatch dates back to the early 16th century. In 1951, Elizabeth I of England received a wristwatch that was described as the "armed watch" invented by Robert Dudley. It is the oldest wristwatch which was later presented to Josephine de Beauharnais. Beginning of the watch technology dates back to 16th-century in Europe, where watches have been evolved from the portable spring-operated clocks to portable watches. Basically, watches were made by the inventors as well as engineers from 16th century to the mid-201h century. Those were in mid-20th century which was perhaps the mechanical device that was powered by winding a mainspring turned into gears where the hands more portable, it kept the balance while rotating. The first timepiece which was to be worn was made in 16th century beginning in the German cities of Nuremberg and Augsburg where traditional in size between the watches and clocks. Although Switzerland is often considered as the market leader in clock and watch industry globally. However, the greatest concentration of watches is in mainland Japan and Asia.
Technology Manufacturing
A watch is mobile timepiece which is intended to be worn and carried by the person. Essentially, it is designed to keep a constant movement irrespective to the motions created by person's activities and operations. Wristwatch is designed as an important tool or as a fashion accessory that is configured around the wrist attached to the watch strap like a bracelet like metal bands, leather straps or any other kind of bracelet. Apple is now the largest watch manufactures globally. As per the estimate by the research, Apple has sold approximately...