Do the research for the luxury watch industry, Apple Watch, and the upcoming Ressence Watch. Then address in detail the challenges that Apple Watch and the Ressence Watch brings to the luxury watch industry/category (write in separate paragraphs). Also, talk about damage control for these elements. How should other watch brands such as Rolex do to oppose them? Here is a very recent article on Ressence Watch: https://www.cnn.com/style/article/ressence-e-crown-tony-fadell-wristwatch/index.html Please do research first. NO INTRODUCTION AND CONCLUSION PARAGRAPH NEEDED. Please finish ASAP. thank you!