As many of you already know, the Royal Pop Swatch x AP is a $150 Swatch SISTEM 51 movement with factory 3D printed AP Royal Oak casing.

An AP on the outside, with the cheapest Swatch swiss mechanical movement on the inside (as advertised when they first introduced this movement in Baselworld). A hermetically sealed movement made mostly of plastic, designed never to be serviced, only replaced if it breaks.

Basically, a Swatch that looks like a Royal Oak.

Back in 2008 and again in 2011, AP made a watch with Chanel, the J12 Calibre 3125.
The AP 3120, their Royal Oak movement, put inside a ceramic Chanel aesthetic.

Literally, and ironically, the polar opposite of the Royal Pop - a watch that looked like Chanel, but behaved like a Royal Oak.

In fact, Chanel wanted so badly for this AP to look like a Chanel, that for the exhibition display on the back, they took AP's classic 3120 22k yellow gold rotor and actually covered up the gold with black rhodium (and then chiseled it a bit) - to fit the Chanel aesthetic.

They almost wanted the AP to look Chanel more badly than the Swatch wanted the Swatch to look like an AP! After all, the limited edition AP collab watch is virtually indistinguishable with the Chanel 12 Caliber 12.1 available today, which has its in-house Kinessi movement (yeah, in-house, because they own a huge chunk of Kinessi too).