Quality Swiss-made timepieces don't come cheap. Just ask Apple.
The company shelled out a $21 million "lump sum" to license a clock-face design from the Swiss Federal Railway service, French news agency AFP reported, citing a Swiss paper.
In September, the railway service, also known as SBB,, saying it too closely resembled a trademarked design created in 1944 by SBB employee Hans Hilfiker and used in train stations throughout Switzerland.
Hilfiker's design has been honored by both the Museum of Modern Art in New York and the London Design Museum and has become a symbol of Swiss punctuality, according to the Swiss Federal Department of Foreign Affairs' swissworld site. It's also licensed to Mondaine, a Swiss watch manufacturer.
SBBlast month, but at the time, an SBB representative said the amount of the licensing fee and other details of the deal would remain confidential.
All the latest Apple news, featuring developments on the iPhone, iPad, Macbooks, OS X and much more.
Feb 21Apple's biggest problem is one it can never solve
Feb 19Apple reportedly nabs Israeli facial recognition startup
Feb 18AirPods vs. BeatsX
Feb 18The iPhone 8 may feature a MacBook-like Touch Bar