If you buy a Rolex for $20k, it's not just that your watch will continue to be functional for 20 years or more. It's also that you can believe with a fair degr

If you buy a Rolex for $20k, it's not just that your watch will continue to be functional for 20 years or more. It's also that you can believe with a fair degree of confidence, based on a long history, that your 20 year old Rolex will still be a classy piece of jewelry at that time. Whereas even if there's some kind of upgrade program to prevent computer-part-obsolesence, nobody knows if smart watches will even be a thing in five years. Maybe in five years, Microsoft HoloLens will have blown away the smartwatch market to the point that every important wearable is glasses, not a watch. Or maybe they will be watches, but they'll have moved to a snap-bracelet deal where there's a much wider screen. Or maybe wearables will just be dead, dead, dead. Nobody knows.