Wearable spending market to burn brightly over next year

Global wearable spending will increase from $41 billion this year to $52 billion in 2020, according to Gartner.

“More users coming into the smartwatch segment are replacing wristbands with smartwatches,” says Ranjit Atwal, Senior Research Director at Gartner.

“While brand leaders, Apple Watch and Samsung Galaxy Watch command premium pricing in the smartwatch segment, lower-priced players such as Xiaomi and Huawei will counterbalance high-priced smartwatches with lower cost smartwatches. We expect average selling prices of smartwatches to decline 4.5% between 2020 and 2021.”

Further details here.

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