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tinger · 17 June 2014, 03:00 AM

http://www.watchesbysjx.com/2014/06/...-2013-and.html

Kobayashi · 17 June 2014, 03:31 AM

Thanks for posting the link. A rare interview and insight into Rolex.

thomaspp · 17 June 2014, 04:12 AM

We have all contributed to that number!

T. Ferguson · 17 June 2014, 04:37 AM

Interesting that the related article said Dufour turned Zenith around by repositioning it at a lower price point. Doubt that will happen with Rolex - it's not exactly in need of turning around.

Quote:

Originally Posted by thomaspp

We have all contributed to that number!

At the very least TRF should have a wing at the Rolex complex named after it.

Keith1 · 17 June 2014, 04:47 AM

And I helped!

fabio1965 · 17 June 2014, 04:53 AM

Quote:

Originally Posted by thomaspp

We have all contributed to that number!

outtatime · 17 June 2014, 05:00 AM

Well, yeah when you continually increase prices without (on the outside looking in) substantially increase your costs, profits will indeed go up.

Pretty sure it doesn't cost MORE to make a SS Sub today than it did 2 years ago, but it sure costs a lot more to buy one.

Hairdude1 · 17 June 2014, 05:04 AM

I've chipped in for their record profits

powerfunk · 17 June 2014, 05:52 AM

I don't like the term "record profits," because it's a divisive, click-baity term. Large corporations generally grow each year, and thus should have "record profits" more years than not.

Thanks for sharing, though.

ExplorerChris · 17 June 2014, 06:01 AM

We have all knowingly and willingly assisted in making their bottom line what it is.
As long as the quality of a Rolex never decreases I have no issue with what they charge or what their annual profits look like.
Better them than the oil and gas companies that bend us over every time we head to the pumps.

BlakeC · 17 June 2014, 06:08 AM

Quote:

Originally Posted by powerfunk

I don't like the term "record profits," because it's a divisive, click-baity term. Large corporations generally grow each year, and thus should have "record profits" more years than not.

Thanks for sharing, though.

Yeap, every year should be a "record" year technically.

Laszlo · 17 June 2014, 06:10 AM

You can thank Mike for that.

Tools · 17 June 2014, 06:11 AM

Quote:

Originally Posted by powerfunk

I don't like the term "record profits," because it's a divisive, click-baity term. Large corporations generally grow each year, and thus should have "record profits" more years than not.

Thanks for sharing, though.

Indeed.. Oil companies have been making "record profits", yet their percentage of net vs. cost has been going down to just a few percent overall

tkerrmd · 17 June 2014, 06:17 AM

Quote:

Originally Posted by Keith1

And I helped!

Yeah, Im in that club

T. Ferguson · 17 June 2014, 06:26 AM

On the downside continually increasing prices makes the cost of our acquisitions that much more expensive. On the plus side it increases the value of our existing collections.

So logically the solution is to have as big a collection as possible.

DVR · 17 June 2014, 06:29 AM

Quote:

Originally Posted by outtatime

Well, yeah when you continually increase prices without (on the outside looking in) substantially increase your costs, profits will indeed go up.

Pretty sure it doesn't cost MORE to make a SS Sub today than it did 2 years ago, but it sure costs a lot more to buy one.

For Rolex nothing has changed, they do not get much more money in their currency. Maybe a small amount due to normal overall price increase.
But mostly we are paying for the difference the $ (and the €) lost over the years against the CHF.

Racerdj · 17 June 2014, 06:30 AM

Record profits....anybody surprised? I'm not

thomaspp · 17 June 2014, 07:01 AM

Quote:

Originally Posted by Hairdude1

I've chipped in for their record profits

The 718 took then half way there!! Haha

omx5o · 17 June 2014, 07:04 AM

With twice as much currency floating around the world since a decade ago, I wouldn't be surprised if a lot a companies 'double' their profits.

Trouble15 · 17 June 2014, 07:28 AM

Thanks for sharing.

LA_LEC · 17 June 2014, 10:10 AM

I think that this is not surprising for anyone who has bought or shopped for a Rolex lately!

viper9669 · 17 June 2014, 10:23 AM

I am happy to have helped in their achievement. :)

Old Expat Beast · 17 June 2014, 10:25 AM

This FT article paints a rather less rosey picture for Rolex.
http://www.ft.com/intl/cms/s/0/01eb4...#axzz34qqiJrXR

Boothroyd · 17 June 2014, 10:30 AM

And I never even got a thank you trinket for buying another watch this year.

That's probably because Jocke has highjacked their computer system--and had all our gifts from Rolex forwarded to him! Or so it appears, anyway!

ocabj · 17 June 2014, 11:09 AM

So, perhaps they won't increase the prices anytime soon?

;-)

texex91 · 17 June 2014, 11:15 AM

When they are producing over 1 million watches per year, I'm not surprised at all.

17 June 2014, 03:00 AM	#1
tinger "TRF" Member Join Date: Mar 2012 Location: weehawken Posts: 847	record profits @ rolex http://www.watchesbysjx.com/2014/06/...-2013-and.html

17 June 2014, 03:31 AM	#2
Kobayashi "TRF" Member Join Date: Aug 2012 Real Name: Michael Location: SF Bay Area Watch: Any Rolex! Posts: 1,060	record profits @ rolex Thanks for posting the link. A rare interview and insight into Rolex.

17 June 2014, 04:12 AM	#3
thomaspp "TRF" Member Join Date: Dec 2010 Location: N/A Posts: 11,137	We have all contributed to that number! __________________ Instagram: @watches_anonymous

17 June 2014, 05:00 AM	#7
outtatime "TRF" Member Join Date: Jan 2010 Real Name: Jon Location: Toledo, OH Watch: Deepsea Posts: 1,136	Well, yeah when you continually increase prices without (on the outside looking in) substantially increase your costs, profits will indeed go up. Pretty sure it doesn't cost MORE to make a SS Sub today than it did 2 years ago, but it sure costs a lot more to buy one. __________________ The above represents my opinion. I may be wrong, but that's how I feel. Scratches ≠ "Character"

17 June 2014, 05:04 AM	#8
Hairdude1 "TRF" Member Join Date: Apr 2012 Real Name: Alex Location: Chicago Watch: AP,PP, Rolex Posts: 37,156	I've chipped in for their record profits __________________ Instagram: @Hairdude Watches in Collection 5070R, 5522A, 214270 MK1, 228238 16750, 26401, 5711, 116718, 116710LN, 116300, 16710"Coke", 372, 15300, 15703 (All Flipped) Official Member "Perpetual 30" Las Vegas GTG 2016 Official Member "WIS-CON" Las Vegas International GTG 2017 Official Member 'WIS-CON' Las Vegas Int'l GTG 2018

17 June 2014, 04:47 AM	#5
Keith1 "TRF" Member Join Date: Jun 2013 Location: San Diego Watch: Sub-C blue, DSSD Posts: 2,482	And I helped!

17 June 2014, 05:52 AM	#9
powerfunk "TRF" Member Join Date: Jul 2011 Real Name: Rob Location: Boston, MA Watch: 1530 Posts: 3,799	I don't like the term "record profits," because it's a divisive, click-baity term. Large corporations generally grow each year, and thus should have "record profits" more years than not. Thanks for sharing, though.

17 June 2014, 06:01 AM	#10
ExplorerChris "TRF" Member Join Date: Apr 2014 Real Name: Chris Location: Ontario, Canada Watch: Explorer II 16550 Posts: 1,401	We have all knowingly and willingly assisted in making their bottom line what it is. As long as the quality of a Rolex never decreases I have no issue with what they charge or what their annual profits look like. Better them than the oil and gas companies that bend us over every time we head to the pumps. __________________ There's a crown for every achievement A Watch Is Just A Watch A Rolex Is A Timepiece

17 June 2014, 06:10 AM	#12
Laszlo 2024 SubLV41 Pledge Member Join Date: Nov 2007 Location: San Francisco, CA Watch: Date & No Date Posts: 10,868	You can thank Mike for that. __________________ "You might as well question why we breathe. If we stop breathing, we'll die. If we stop fighting our enemies, the world will die." Paul Henreid as Victor Laszlo in Casablanca

17 June 2014, 06:26 AM	#15
T. Ferguson "TRF" Member Join Date: Oct 2012 Location: Left Coast Posts: 7,025	On the downside continually increasing prices makes the cost of our acquisitions that much more expensive. On the plus side it increases the value of our existing collections. So logically the solution is to have as big a collection as possible. __________________ *Some days it's just not worth chewing through the restraints.*

17 June 2014, 06:30 AM	#17
Racerdj 2024 Pledge Member Join Date: Apr 2013 Location: Indianapolis Watch: Patek-Philippe Posts: 16,832	Record profits....anybody surprised? I'm not __________________ Rolex and Patek Philippe

17 June 2014, 07:04 AM	#19
omx5o "TRF" Member Join Date: Nov 2013 Real Name: Richard Location: UK Watch: Tudor Ranger Posts: 1,613	With twice as much currency floating around the world since a decade ago, I wouldn't be surprised if a lot a companies 'double' their profits.

17 June 2014, 07:28 AM	#20
Trouble15 "TRF" Member Join Date: Dec 2011 Real Name: Steve Location: USA Watch: A few Posts: 8,884	Thanks for sharing.

17 June 2014, 10:10 AM	#21
LA_LEC "TRF" Member Join Date: Dec 2012 Location: Los Angeles Watch: Explorer Posts: 1,793	I think that this is not surprising for anyone who has bought or shopped for a Rolex lately! __________________ 16610 ♛ 16610LV ♛ 214270 MK2 "Life is far too short not to wear a Rolex!"

17 June 2014, 10:23 AM	#22
viper9669 "TRF" Member Join Date: Oct 2013 Real Name: Patrick Location: SIN Watch: Rolex Posts: 5,066	I am happy to have helped in their achievement. :)

17 June 2014, 10:25 AM	#23
Old Expat Beast TRF Moderator & 2024 SubLV41 Patron Join Date: Jul 2013 Real Name: Adam Location: Far East Watch: Golden Tuna Posts: 28,826	This FT article paints a rather less rosey picture for Rolex. http://www.ft.com/intl/cms/s/0/01eb4...#axzz34qqiJrXR

17 June 2014, 10:30 AM	#24
Boothroyd 2024 SubLV41 Pledge Member Join Date: May 2011 Real Name: Daniel Location: Minneapolis, MN Watch: Wilsdorf(s) Posts: 10,259	And I never even got a thank you trinket for buying another watch this year. That's probably because Jocke has highjacked their computer system--and had all our gifts from Rolex forwarded to him! Or so it appears, anyway! __________________ Explorer 214270 MK I/Datejust II Black 116300/Tudor Heritage Black Bay Black 79220N

17 June 2014, 11:09 AM	#25
ocabj "TRF" Member Join Date: Nov 2013 Real Name: Jonathan Ocab Location: Riverside, CA Watch: 116710BLNR Posts: 279	So, perhaps they won't increase the prices anytime soon? ;-) __________________ They took my rings, they took my Rolex. I looked at the brotha said, "Damn, what's next?"

17 June 2014, 11:15 AM	#26
texex91 "TRF" Member Join Date: May 2007 Location: . Posts: 17,898	When they are producing over 1 million watches per year, I'm not surprised at all.

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