Wearable market registers a healthy 3.1% growth – IDC

The smartwatch segment has yet to take off. Currently fitness trackers are driving the market.

If you are in the market for a smartwatch and are looking forward to companies launching their new line of offerings in this holiday season, you will have to hold on to your hopes a while longer.

As per IDC’s estimate, although wearable device shipments have grown at 3.1% in the third quarter of 2016, the growth was almost exclusively driven by the sale of fitness trackers.

Garmin, Fitbit, Jawbone and other brands improved their shipments while the smartwatch segment contracted.

With sales of nearly 1.1 million, Apple’s smartwatch rules the roost. However, it has witnessed a steep drop, nearly 70%, in shipments. Samsung however nearly doubled its shipments. However on closer scrutiny, the numbers are so high due to the Galaxy Note 7 fiasco. However, Samsung’s customers got to keep their free Gear Fit 2 and Gear IconX extra, despite the fact that they returned their smartphones.

Given the jumble in the numbers, it’s hard to say whether the smartwatch segment is stalling. Apple started shipping its Apple Watch Series 2 just two weeks before the ending of the third quarter, while Samsung’s Gear S3 didn’t arrive until mid-November.

The best strategy, imho, is to wait a while longer. 2017 is likely to have promising offers.

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