Agree- but here are some thoughts:
- Assume that last year TAG Heuer made 400,000 watches (COVID impacted)
- Assume that Carrera makes up 30% of the volume- 120,000 watches
- Last year TAG Heuer made 2,860 39mm Carreras- so 2.3% of Carrera production, and less than 1% of TAG Heuer total production
- These 39mm Carreras
did not sell out in 2020 and are still available in 2021
Would you green light more 39mm Carrera Chronographs as a business? I love these watches and they're the perfect size for me, but frankly I think we're lucky to have any of these made, as the business case looks pretty horrible if you look at numbers alone. I get that these are premium watches and not affordable, but it's hard to avoid the conclusion that collectors/ watch fans have very different taste to the mainstream watch buyer.