The Economist says the real innovation is in "old-fashioned" mechanical watches... not in quartz watches and not in "smart" watches which are not very innovative -- "most are a mash-up of phone, activity-tracker and music-player". On the other hand, the mechanical watch has now silicon and plenty of it... as well other "innovative" stuff.
Watchmaking: The high-tech world of old-world watches | The Economist
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