Wrist watches are no more a important accessory
Wrist watches once upon a time were a style statement and now the various options available to check time has reduced the market for low end watches.
In current scenerio, wrist watches are purchased only to add as a accessory to other apparels and is not an important part of dressing.
The low end watches are on down side and brands are considered to just show off. Watches are no more important for time, mobiles do this job.
Yes, Now days most of the people don't use Wrist Watch. Some people feel it shyness and bad.