Smartwatch and Other Wearable Devices Are Hot Items Now

Smartwatch and Other Wearable Devices Are Hot Items Now

IDC a market researcher firm recently released a report which says that the wearable devices scored their eighth straight quarter of solid growth. The particular market is soaring higher and higher as wearable devices are becoming more and more popular. Popularity with a cost effective price tags will make the market grows even more. In the first quarter of the year, according to IDC smartwatches and activity trackers were the hot items that is why the shipments for these particular products triple as prices goes down.

 IDC said that, “During the first quarter of the year, a total of 11.4 million wearable devices shipped around the world, triple the 3.8 million shipped during the same quarter in 2014,” and that ” The gain was especially significant as the first quarter usually sees a dip in sales and shipments for tech products following the strong holiday season.”

 

MORE AND MORE DEMAND FOR THE WEARABLE DEVICES

 A momentum is what the wearable market now enjoys and savors all at the same time. Since the market is filled with new product offering from time to time, this triggers more interest while giving consumers vast of options to choose from. The demand for wearable devices is not just in the traditional market but there is also a huge demand coming from the emerging market in which IDC attributed the latest surge in growth in part to lower prices.

 Pertaining to this Jitesh Ubrani, senior research analyst for IDC Worldwide Mobile Device Trackers, said in a press release that “As with any young market, price erosion has been quite drastic,” and that, “We now see over 40 percent of the devices priced under $100, and that’s one reason why the top five vendors have been able to grow their dominance from two-thirds of the market in the first quarter of last year to three-quarters this quarter.”

 “As with any young market, price erosion has been quite drastic,” Jitesh Ubrani, senior research analyst for IDC Worldwide Mobile Device Trackers, said in a press release. “We now see over 40 percent of the devices priced under $100, and that’s one reason why the top five vendors have been able to grow their dominance from two-thirds of the market in the first quarter of last year to three-quarters this quarter.”

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