Wearable technology growth expected to keep slowing throughout 2018

Apple Watch smartwatch Close-up Details wearable technology growth

Despite all the hype and the massive investments by tech giants, wearables just aren’t taking with consumers. Wearable technology growth had been expected to continue seeing striking increases for many years to come. That said, despite the best efforts of tech giants, this has not been the case. Growth slowed down this year and is expected to continue dropping into next year as well. eMarketer, the market research firm, has reported that wearable technology growth is slowing in a significant way. In fact, within the next year, eMarketer predicts this…

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Samsung wearable devices take Fitbit’s market position for the first time

Gear2 Samsung wearable devices

This shows that the South Korean brand is taking some very meaningful strides in this gadget category. Samsung wearable devices have hit a major landmark as they have now overtaken their rival, Fitbit, for the first time. For years, Fitbit has been the measure against which other top wearables companies have measured themselves. Now, a Strategy Analytics research report shows that Samsung wearable devices account for more of the market than Fitbit. During the first quarter of 2017, The Samsung Gear S3 held 12.8 percent of the global market, which…

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Apple has taken Fitbit’s wearable technology crown

Apple Watch wearable technology

Despite the fact that Tim Cook continues to refuse to reveal the sales figures for the Apple Watch, it has still beaten Fitbit. The Apple Watch sales numbers remain a mystery because of the company’s policy not to reveal this information about its wearable technology or other devices. However, despite the silence about the numbers, Apple has been declared the leader in the wearables market. Fitbit had previously held the top spot because of its highly popular fitness trackers and smartwatches. A recent report from Strategy Analytics placed the spotlight…

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Fitbit layoffs on the way after disappointing Q4 results

fitbit layoffs blaze smartwatch

The holiday season was reportedly not as good as hoped for the fitness tracker and smartwatch maker. Fitbit layoffs appear to be on the way despite the fact that the company maintains its position at the top of the wearable technology market. The company has announced that its fourth quarter results for 2016, though strong, missed Wall Street’s predictions. As a result of those results, it will be laying off between 5 percent and 10 percent of its total workforce. The company’s board voted that the Fitbit layoffs were among…

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Vector smartwatch company sold to Fitbit

fitbit logo smartwatch company

The top fitness tracker company has now purchased a one year old wearable tech brand. Fitbit purchased Vector, smartwatch company out of Romania that is only a year old. The brand is managed from London, England and is a year old. The Vector brand is best known for smartwatches that have their own proprietary operating system. That said, beyond running on its own OS, the smartwatch company is also recognized for producing a device that has a 30 day battery life. In the smartwatch market, that amount of battery life…

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