Apple's Watch is designed to be both fashionable and functional.
Apple Reportedly Paid $21 Million for Rights to Swiss Railways Clock Design
Tages-Anzeiger now reports [Google translation] that the licensing agreement resulted in Apple making a payment of approximately 20 million Swiss francs ($21 million) to the agency. The report indicates that amount has been leaked by several sources, but the Swiss Federal Railways and Apple have refused to comment on the situation.
The report also suggests that the licensing agreement may not provide any compensation to watchmaker Mondaine, which has been the sole consumer-focused licensee of the design. Mondaine is reportedly happy that Apple has provided increased visibility for the clock design, but remains in discussions with the Swiss Federal Railways over the issue in order to ensure that it is resolved to the satisfaction of all parties involved.