Smartwatch Sales Are About to Take Off—Finally [Fortune]
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Source: Fortune
Smartwatches are finally gaining some momentum, led mainly by the success of the Apple Watch and much less expensive Asian-made devices, according to research firm CCS Insight. Google’s Android Wear effort, however, is stuck in neutral, the market research firm said in a new report . Smartwatch sales should hit 71 million devices this year and grow steadily to reach 140 million devices in 2022, CCS said. Apple, which sold an estimated 16 million watches last year, could match the total output of traditional Swiss watchmakers of 24 million units in 2018, CCS added. (Other analyst firms have said Apple (aapl) matched the Swiss in the fourth quarter of 2017, though not for the entire year.) “It’s not surprising that traditional watchmakers are looking over their shoulders nervously at Apple given the significant slice of the market it has secured in just three years,” the firm wrote. “But it’s not just traditional watchmakers that are facing pressure from Apple. CCS I
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