New data is predicting that global shipments of wearable devices will reach 125.3 million units in 2018, a 8.5 percent increase from the previous year. According to the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker, the five-year compound annual growth rate (CAGR) is...
A new report estimates that worldwide shipments of wearable devices will reach 225 million in 2019. In its report, “Forecast: Wearable Electronic Devices, Worldwide, 2018,” Gartner notes that this prediction shows a 25.8 percent increase from 2018. In addition, end-user spending on wearable devices is expected to reach...
HSBC and Samsung have announced what they are calling a “first-of-its-kind” program to bring wearable technology into HSBC bank branches. The two firms are currently testing a pilot that will put heavily customized Samsung Gear S3 watches onto the wrists of branch employees at HSBC’s...
Wirecard and Mastercard announced plans to expand their existing partnership to promote digital, contactless payments via wearables. As of today (July 17), the expanded partnership will immediately make Wirecard available in Germany via Garmin Pay. The firms said additional projects are in the works that...
Pod-style lodging is breaking the hospitality mold by combining the best of hotels and hostels — and serving guests who want a middle ground between the two styles of properties. While “capsule hotels” arrived on the scene in Japan in the 1970s, they are now arriving in North...
The Fitbit Ace, the wearable company’s latest $100 offer geared specifically to children, is officially out on the market. Designed for children eight and up, the product, according to reviews in The Verge, is similar to the Fitbit Alta in terms of design. Much of...
Fitbit announced that it has shipped more than one million Fitbit Versa devices since they went on sale on April 16. In addition, more than 2.4 million users have already used its new female health tracking feature, which became available to all Fitbit app users...
Lenovo Group is setting its sights on India as it tries to boost its market share in the wearables industry in the country. Reuters, citing Sebastian Peng, head of accessories at Lenovo Mobile Business Group, reported Lenovo is aiming to corner 20 percent market share...
The worldwide wearables market hit new highs last year, with Apple moving past competitors Fitbit and Xiaomi to take the top spot. According the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker, total volumes for the quarter hit 37.9 million units, a 7.7 percent...
