That altimeter is an old version standby altimeter. It is not the primary altimeter. Most carriers have replaced the round standby instruments with a single digital one that uses a separate power source, takes less room, and is easier to maintain.
The input can be strictly digital. The read-out, needle and dial, rather than a screen read-out. Think auto tachometer. The needle and dial you read in a modern car is driven off a sensor, not a spinning cable.