You are here
Watch this space in BT Weekend
WHO needs a watch to tell time these days, when everyone has a smartphone in sight, right? The launch of the Apple Watch in 2015 sounded, as doomsayers saw it, the death knell for the Swiss mechanical watch, beloved by those who cherish tradition, style and craftsmanship.
Indeed, the Apple Watch outsold Rolex, the top manufacturer of mechanical timepieces, in 2016. And forecasts are that sales of the iconic American brand will this year overtake total shipments of Swiss watches.
But, as Brunch this Saturday in the BT Weekend reports, some in the industry see the Apple Watch as a boon, not a bane, for fine watchmaking. No doubt Swiss watchmakers are facing a digital challenge - but not from smartwatches. In the Raffles Conversation this week, Joe Xia, co-founder and chief technology officer of Mobike, tells why he believes the startups of the sharing economy are here to stay.
For another take on the sharing economy, consider the multi-billion-dollar organisations that are its dominant players today. Businesses such as AirBnB and Uber grew on the philosophy of sharing. Yet, are their business models built on a true concept of sharing? One of our Broad View articles this Saturday shatters the Sharing Economy Illusion - with Blockchain.
Meanwhile, is there still a place for small caps in your portfolio? In our Investing & Wealth section, our Value Insight columnist provides some guidance.
To subscribe, visit bt.sg/subscribe