Thanks to cell phones, no one really needs a wristwatch anymore. Nonetheless, consumers—men in particular—seem to be embracing the idea that the watch is a necessary accessory for fashionable, if not practical, reasons. Reports have it that sales of pricey watches ($300 to $1,000) have increased 25%, outpacing the still impressive 22% sales rise of watches in the more affordable sub-$300 price category.
(MORE: ‘Pebble’ Watch Touts E-Paper Screen, Bluetooth, Apps and High Demand)