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"We don't want to produce a mini mobile phone on
your wrist," Swatch Chief Executive Nick Hayek told a news
conference for the group's full-year results. "Others can do
that."
The comments come after Apple launched its long-awaited watch on
Monday, including yellow or rose gold models with sapphire faces
costing up to $17,000, which had been seen as major to
Switzerland watchmaking industry.
(Reporting By Tom Miles; Writing by Joshua Franklin)
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