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Swatch Group expects robust demand to drive increased profits in 2010 after reporting strong results for December 2009 and through the first few weeks of the new year. Mid-range brands such as Tissot, Longines, and Rado have performed strongly even while some of the Swatch Group's luxury brands, such as Blancpain and Breguet, remain weak. Omega's high-profile role as the official timekeeper of the Vancouver Winter Olympics is also seen as boosting sales. The world's largest watchmaker is considered a barometer for the state of the industry, so this positive outlook is fueling hopes the sector isemerging from its sharpest drop in decline in some twenty years.Related PostsSwiss Watch Demand Drops in SeptemberSwiss Watch Industry Takes Beating in MaySwiss Watchmakers Hit the SkidsSwatch Numbers Worst in a DecadeSwiss Watch Industry in Crisis?Financial Crisis' Lastest Victim: Swiss Watch Exports, SalesSwiss Watch Exports Fall Sharply in Q1 2009

Swatch watches have been hailed as a global phenomenon by author Jurg Wegelin.The writer, whose book Mr Swatch details the rise of the international brand, said Swatch watches were designed to be the cheapest and best watches in history.Speaking to the Telegraph, he stated that the company achieved this goal by developing a timepiece with just 50 parts.This, he said, made it highly affordable and gave customers the opportunity to change the look of their watch.Mr Wegelin also noted that the low price of Swatch watches completely transformed buying behaviour among consumers."In future, women would buy a Swatch to go with their clothes and the watch would become a fashion accessory," he commented.Mr Wegelin added that Swatch watches are of such high quality that they never need to be repaired. This comes after Swatch watches confirmed that Nayla Hayek is to step in as the company's new chairwoman following the death of founder Nicolas Hayek last week.