"Yes but in another 15-20 years time, a well made Swiss watch that has been looked after will still hold its value and may have even increased its worth, unlike a $1000 iPhone which probably won't even switch on in 20 years."
I agree entirely, I have an ancient Tag, purchased about 1995. Despite the fact its been well worn, I could probably sell it for almost what I paid for it.
So much for the Apple watch.