Apple's new watch has traders punishing one massive retailer (AAPL, UHR)

Business Insider
By Joe CiolliSep 13, 2017, 1:14 pm245 pts
One major retailer is taking the news of Apple's new watch on the chin. Swatch, the $21 billion Swiss watchmaker, dropped as much as 4.5% on Tuesday, losing almost $1 billion in market value in the process. Based on the stock reaction, traditional watch retailers like Swatch will have their work cut out for…

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