Apple CEO Tim Cook discusses the new Apple Watch during an event at Apple headquarters on Thursday, Oct. 16, 2014 in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez)

What does the arrival of smart watches, like the Apple watch, mean for traditional watchmakers?

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Apple CEO Tim Cook discusses the new Apple Watch during an event at Apple headquarters on Thursday, Oct. 16, 2014 in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez)
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