According to market intelligence firm IDC, smartwatch shipments have fallen by over fifty percent for the third quarter of 2016.
A report released Monday by IDC outlined the overall decline in smartwatch sales of approximately 51.6%. Apple reportedly saw shipments of the Apple Watch drop by up to 71.6% despite the greatest share of the smartwatch market at 41.3% of all smartwatches.
However, according to IDC’s estimates, Apple only shipped 1.1 million Apple Watches in the third quarter of 2016, a vast difference to the 3.9 million shipped in 2015. The release of the Apple Watch 2 may account for some of the decline in sales but not entirely. According to the IDC, the only company thriving in the smartwatch market is Garmin, known better for their GPS navigation systems but which recently released a brand of fitness and health based smartwatches.
Read the full story at http://www.breitbart.com/tech/2016/10/25/report-smartwatch-shipments-fall-fifty-percent/