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IDC On Wearables: Shift is Underway to 'Smarter Devices'

By BenZinga
Capital Markets, FinTech

The wearable market continues to grow, but at a slower rate, according to IDC.

What Happened

Global shipments of wearable devices rose 1.2 percent in the first quarter of 2018 to 25.1 million units, which marks a slowdown from 18-percent growth seen in the same period a year ago, IDC said. Shipments of higher priced “smarter devices” from companies like Apple Inc. (NASDAQ: AAPL) and Fitbit Inc (NYSE: FIT) grew 28.4 percent, according to IDC.

Global shipments of sensor-laden clothing — including shirts, shorts, clothing and shoes that counts steps — grew 58.6 percent, IDC said. The segment as …

Read the full story at Benzinga.

Photo: Apple

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