Yep, we have the century old Swiss watch industry to thank for that. These top brands have named all these useful features of the classic watches ‘complications’. Apple has just used the common terminology. The more features a watch has, the more complex (and therefore more expensive) a mechanical watch is. Check out the Vacheron Constantin Reference 57260 watch, a marvel of mechanical technology.
If Apple ever would create an autonomous vehicle (project Titan), it would probably state BHP as a way of expressing the vehicle’s power, although probably no horses will be found in there either