Smartwatches Haven't Fully Caught On, Movado Executives Say
Smartwatches haven't fully caught on, Movado executives told analysts. Of the “emerging” smartwatch business, President Ricardo Quintero said Monday that “early results confirm that this category is relevant, but technology has not caught pace with what consumers are looking for.”…
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Apple has "played a disruptive role in the fashion watch category,” he noted. With the introduction of Movado Connect, among the first smartwatch lines to support Google’s redesigned Android Wear 2.0 platform (see 1703080045), “we will begin to enter the fully connected smartwatch space,” Quintero said. CEO Efraim Grinberg identified "a saturation, slowdown and commoditization of the fitness band category, and some of the major players are downtrending.”