• Cult of Mac, Friday, October 23, 2015 10:10 AM

The third-quarter figures are in for the Swiss watch industry, and it’s not good news. Exports slid 8.5 percent over the past three months, continuing a trend that has some worried that newer tech like the Apple Watch might be affecting demand for traditional timepieces. Analysts are citing falling sales in Asia as the reason for the downturn. “After May and July, September is the third month to show a marked decline in Swiss watch exports,” a representative the Federation of the Swiss Watch Industry said on Tuesday (viaReuters). “This negative change has spread to other, hitherto more robust Asian markets and casts something of a shadow over prospects for the year 2015.”

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