Smartwatch rising: Is time up for traditional luxury watches?

There's a new turf war in technology, and this time it's a battle for your wrist. 

On one side, you've got the expensive gold standard: the Swiss watch. A timepiece crafted with such care, it can be passed between generations.

On the other side you've got a different, but also extravagant time piece: the smart watch. Apple's version starts at $700. But you won't be passing it down to your kids, because the software will be obsolete.

Despite that, it looks like the smartwatches are gaining ground. The latest numbers show that for the first time in history, manufacturers shipped more smartwatches than Swiss watches.

Clive Thompson, our tech correspondent, joins Shad to talk about the shift and what we may be losing if we let go of our analogue timepieces.