The wearable device market is in its infancy and how this technology fits into consumers’ lives is still evolving.
Fresh data shows while often pricey smartwatches were once expected to take the lead, basic wearables are dominating.
People want simple and inexpensive – below $200 – over pricier, multifunctional options says Nick Colas of Convergex.
SOUNDBITE: NICK COLAS, CHIEF MARKET STRATEGIST, CONVERGEX (ENGLISH) SAYING;
“The smartwatch is just too complicated for most users and just doesn’t yet integrate with our lives as well as the exercise and fitness tracker does. Over time I’m sure Silicon Valley will solve that problem but for right now the low end is where it’s at.”
According to research firm IDC, overall shipments of wearables climbed 3.1 percent worldwide in the third…