NewsWearables Market Continues Slow, Steady Growth

Wearables Market Continues Slow, Steady Growth

Developers who make apps for the wearables market have more potential users, according to a new report from IDC. The analyst firm found that the market grew 5.5 percent in the second quarter of 2018. “Two key forces were at work during the quarter,” said IDC wearables research director Ramon T. Llamas: “stronger demand for smart wearables and slower declines in the basic wearables market. Users have come to want more from their wearable devices, and smart watches have met that demand.”

Some manufacturers saw bigger increases than others. Apple grew 48.4 percent year-over-year to capture 17.0 percent of the market. Second-place Xiaomi saw 19.8 percent growth, while third-place Fitbit experienced a 21.7 percent decline. Huawei, in fourth place, saw the sharpest rise with 118.1 percent growth.

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