The swiss would have no advantage building a smartphone. All their expertise is in precision miniature mechanical devises. Elite swiss watch manufacturers would be wise to pair with computer companies to be able to keep and increase their market share. A lot of the swiss companies think the aWatch will help their sales, as young people will start wearing watches again, which will help drive the market down the line. I would expect swiss makers will offer software for smart watches to emulate their watch faces.
Traditional watchmakers will be foolish to continue to stay disconnected and watch their market slip away, as they did in the 70's when quartz became popular. A couple decades from now, once battery and other technologies advance, I would expect the top end to have a band become the smartphone, with a mechanical watch be the jewelry in the center; the best of both worlds.
If you're looking for a discussion about the relevance of Asian-made electronics, you're about forty years too late. No one else can competitively compete where both technology is so advanced, yet labor is so incredibly cheap.
While more and more manufacturing will continue to be lost to Asia, here in the states we need to treat service jobs like we used to treat manufacturing jobs. Those jobs are impossible to outsource and are the only way to restore our middle class, and continue to be an advanced nation. We subsidize the workforce of extremely profitable companies like Walmart and McDonalds. We need to make these companies pay their workers a living wage, so instead of those workers having to take entitlements, they would instead start paying taxes. The largest growth of our country or any country for that matter, has been when the middle class thrives. It is so shortsighted to keep wages so low. Businesses are the ones that will benefit the most from having the masses having disposable income to spend.
At least Apple is making their MacPros in the USA, just like the original macs.