27 May '16, 11am

"Worldwide wearables market increases 67.2%"

A combination of device releases, price reductions and company rationalizations marked the first quarter of 2016 in the worldwide wearables market. According to data from the International Data Corporation (IDC), total shipment volumes reached 19.7 million units in 1Q16, an increase of 67.2% from the 11.8 million units shipped in 1Q15. The first quarter saw its fair share of significant events to entice customers, with multiple fitness trackers and smartwatches introduced at the major technology shows; post-holiday price reductions on multiple wearables, including Apple’s Sport Watch; and greater participation within emerging wearables categories, particularly clothing and footwear. Conversely, several start-ups announced headcount reduction or shut down entirely, underscoring how competitive the wearables market has become. Wearables market continues to mature and expand ...

Full article: http://www.ept.ca/2016/05/worldwide-wearables-market-incr...

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