In response to the question about FAW watch production,
Well, you are partially correct.
The market has become very small since the covid situation and it was going that way even before then.
The sad truth is that the brands don’t want to spend money on an Android watch because they are more expensive to build and supply.
The other problem is that when the market was flooded with the extremely cheap and nasty Apple clones, thousands of people bought them.
So the company sales figures looked amazing.
It’s not the style that’s the problem. It’s the way it has been done and customer satisfaction is even considered.
Unfortunately though, because they are so utterly shite and have no customer support, all those people are likely to never buy an Android watch again. 
And this is a huge problem.
Once people get burned by this it starts to have a knock on effect.
So it becomes a situation where no Android watches from China can be trusted.
Basically giving the market a terrible reputation.
The bottom line is that a good new product is going to cost money.
So investment is needed.
But it is extremely scary for investors to take this risk because of the situation mentioned above.
For example, if a brand invests the money to have 2000 new design watches created and only 400-500 get sold, it’s game over.
The most difficult thing to achieve is providing evidence that people are willing to spend a bit more money for a much better product.
It is almost impossible to show that this will work and so the cheap and nasty trash will keep coming.
The investment risk is much lower because it is (very sadly) an established product. Pretty much all the same with some very minor, insignificant differences.
Whereas, a new design requires new tooling and parts, therefore costing more straight away.
As @G1NT0N1C says though, there is still some work going on to bring new products. Just no where near what it used to be like.
But, as long as the Indian, Turkish, Asian market keeps buying these things up in bulk it’s going to be a long hard road to convince brands that could sell a more expensive, better product.
In my opinion.
