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Apple Watch concerns hit Fossil and Movado

Apr. 13, 2015 10:47 AM ETFossil Group, Inc. (FOSL) StockMOV, FOSLBy: Clark Schultz, SA News Editor6 Comments
  • Fossil (FOSL -2.8%) and Movado (MOV -0.6%) both trade lower on some heightened concerns the Apple Watch could cut into the company's sales by a significant amount.
  • KeyBanc cut estimates on the luxury pair due to the Apple overhang.
  • Some estimates on Apple Watch pre-orders range as high as 1M.

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