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July 26, 2016

32% decline in smartwatches for the first time sends OEM’s into panic

" the state of smartwatches sends apple watch into panic"

Smartwatches Shipments this year showsa blip in the wearable devices as it sales decrease by 16% .or the first time, the worldwide smartwatch market saw a year-over-year decline of 32%, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker

However this will remain just a blip on the overall wearables radar as long term shipments of smartwatches are likely to soar to double digits. Also coupled with the fact is that wearble’s are sitting on a huge cash pile.  ready to witness a massive adoption. Recent Businessinsider estimates smartwatch shipments will rise by a compound annual rate of 41% over the next five years. Smartwatches will account for 59% of total wearable device shipments this year, and that share will expand to just over 70% of  the $126million shipments by 2019.