The overall wearables market grew 3.1% in the third quarter, led by demand for fitness bands, which outpaced sales of smartwatches like Apple Watch and Samsung Gear, according to new data from industry tracker IDC. Roughly 23 million wearables were shipped last quarter, with basic wearables, mostly comprised of fitness bands, accounting for 85% of the market and growing at a double-digit pace. Fitbit Inc. maintained its place as the market leader, capturing a 23% share, with shipments growing 11% year-over-year. Xiaomi, Garmin , Apple and Samsung rounded out the top five, however Apple’s shipments tumbled 71% year-over-year, reducing its share to 1.1% versus 3.9% last year. Samsung’s shipments, meanwhile, soared 90%, boosting its share to 1% from 0.5% a year ago. Shares of Apple fell 0.3% to $109.57 in late-morning trade Monday, while those of Fitbit rose 1.8% to $8.29. The Dow Jones Industrial Average rose 0.5%.
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