Wearable device shipments are expected to nearly triple this year to 76.1 million units from 28.9 million in 2014, according to a new report from industry tracker IDC. By 2019, IDC expects worldwide shipments of both basic and smart wearables, such as Fitbit fitness bands and Apple Inc.’s watch, to reach 173.4 million units, representing a five-year compound annual growth rate of nearly 23%. The acceleration is expected to come from an influx of smart wearable devices that are capable of running third-party apps. Currently, Apple Watch has the largest market share among the smart wearable devices at 58.3%. Google Inc.’s Android Wear has a 17.4% share, while Pebble OS rounds out the top three at 8.7%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News