And many have come to question the wisdom of apeing traditional magazine formats on tablets and smartphones.
The Time has the longest battery life of any smartwatch currently available, easily lasting for five days per charge, while it is the only smartwatch here that can be used with both an iPhone and Android smartphones.
It reflected the continued surge in popularity of smartphones and tablets, with a total of 30m downloads of the BBC's iPlayer app since its launch including 150,000 on Christmas Day.
McNair says the market for consumer journalism is still there but people are getting it on their smartphones.
In a joint venture with Chinese manufacturer TCL Communications, the company also manufactured a range of Android and Windows Phone smartphones predicated on low-cost but feature-rich devices, as well as wearable devices and smartphone accessories.
The OAA aims to develop systems that enable developers to easily add car-specific modes to their apps to "bring the best of Android into the automobile in a safe and seamless way" Microsoft also has a system called Microsoft Sync to connect smartphones to in-car entertainment and the dashboard.
Yet a leading internet security researcher has warned that the smart cities of the future could be more vulnerable to hackers than the computers and smartphones of today.
Research firms IDC and Strategy analytics both now place Xiaomi in overall third place for smartphone shipments in the third quarter of 2014, more than tripling shipments year-on-year overtaking South Korea's LG by between 0.4m and 1.2m smartphones.
Strategy Analytics places Samsung first with 79.2m smartphones, Apple in second with 39.3m, Xiaomi in third with 18m and LG in fourth 16.8m out of a total 320.4m smartphones sold in the third quarter.
Sales of top-end smartphones were lower than expected at Christmas, a factor that hit growth in royalty revenues for ARM.
"We have agreements with a number of smartphone manufacturers, so they provide us with real time GPS feeds wherever their smartphones are," says Nick Cohn, senior traffic expert at TomTom.
