Apple Watch kickstarted interest in wearable devices; sales of fitness trackers and VR headsets are set for rapid growth

“The rise of the Apple Watch, fitness trackers, and virtual reality headsets such as Oculus Rift will contribute to sales of wearable devices rising by almost one fifth during 2016, Gartner has suggested,” Danny Palmer reports for ZDNet.

“A total of 232 million wearable devices were sold during 2015, with the figure expected to rise by 18.4 percent to 274 million in 2016. Analysts predict total sales will then reach 322 million in 2017,” Palmer reports. “According to the Gartner report, Forecast: Wearable Electronic Devices, Worldwide, 2016, the largest growth area for wearable technology will be the smartwatch, with the number of sales in 2017 predicted to be 66 million — over double the 30 million sold globally during 2015. Figures for 2016 are expected to be around 50 million.”

“According to Angela McIntyre, research director at Gartner, it’s the impact of Apple ‘popularizing wearables as a lifestyle trend’ which is set to have the largest impact on device sales,” Palmer reports. “‘Smartwatches have the greatest revenue potential among all wearables through 2019, reaching $17.5 billion,’ said McInytre.””

Read more in the full article here.

MacDailyNews Take: If you do not have an Apple Watch, you don’t know what you’re missing!

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  1. Apple may have “popularized” wearable technology, but that is no guarantee Apple will reap massive profits from these devices. Apple, like another company, has to earn profits.

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