"wearable" articles

The traditional watch market faces two forms of competition from the CE space. First, the ubiquity of smartphones decreases the need for a separate timepiece. Second, the smart watch category challenges the traditional watch segment directly. Shipments of Swiss-made watches fell by over 14% from July 2015 to July 2016, and traditional watch sales declined across all price categories. Recent Parks Associates research assessed the impact of smart watches on the traditional watch...
 
by Jennifer Kent | Mar. 15, 2017
Tags: Apple, apps, mobile, smart watch, smartphone, wearable
On February 8th, Verizon moved to introduce its new—and first—smart watch, the Wear24 . The Wear24 is one of the first Android Wear 2.0 devices. Its standout feature is that it offers LTE connectivity, and is capable of making and receiving calls and texts without being paired to a nearby smartphone. (You still need to have a phone on Verizon's network, though.) Like the LG Watch Sport—another Wear 2.0 device, developed by LG in partnership with Google—the Wear24 offers...
 
by Kristen Hanich | Feb. 16, 2017
Tags: mobile, operator, smart watch, wearable
Apple recently released its holiday quarter’s earnings . Although the blockbuster sales of iPhones dominated the headlines, analysts and pundits were also drawn into the debate about the health of Apple’s smart watch business. Since Apple does not disclose its sales figures and only provided vague qualitative comments about this line of business, estimates and guestimates are all over the place. We have our take as well, outlined below, based on a slew of data from primary...
 
by Harry Wang | Feb. 1, 2017
Tags: Apple, smart watch, wearable
Parks Associates is supporting IoT Asia , which takes place March 29-30 in Singapore. The event has addressed the enormous potential of the IoT revolution since the event's first edition in 2014. As the first dedicated platform in Asia to address this revolution, IoT Asia has been ahead of its competition. It is seen as a transformational platform for addressing challenges and identifying real opportunities within the IoT landscape. Last year's event surpassed expectations...
We recently released a  complimentary whitepaper  examining the top trends in the connected home, health, and mobile industries.  Top 10 Consumer IoT Trends in 2017 , which features insight from Parks Associates’ analyst team, examines key topics driving growth and monetization of the IoT. Wearables and smart watches are expanding as healthcare tools and will be integrated with other IoT applications. The market for smart watches, and for wearables...
Fitbit’s stock had a terrible year in 2016 even though the company posted double-digit growth in both revenues and device sales. That is how tough to be in hardware business these days. Fitbit has never hid its ambition for pursuing growth opportunities via the corporate wellness and health insurance channels, but that growth has yet to be validated through financial metrics. The upcoming fourth-quarter financials and its 10-K report later this year would clear a lot of...
 
by Harry Wang | Jan. 5, 2017
Tags: care management, mHealth, wearable
Fitness device use is most frequent among owners with active gym memberships with no cancellation plans Over one in three fitness tracker and/or smart watch owners have an active gym membership and do not plan to cancel. Past research from Parks Associates has found that many as 10% of fitness tracker and smart watch owners have canceled or plan to cancel their gym memberships as a result of using their device. However, new research is showing that high device usage rate of active...
 
by Harry Wang | Dec. 27, 2016
Tags: fitness apps, smart watch, wearable
It's no secret—the wearables market isn't doing as well as it should be right now. According to Parks Associates' estimates, the leading smart watch—the Apple Watch—experienced a YoY sales decline of ~53% in Q3 2016. Even with the Q4 release of the Apple Watch Series 2, Apple may be on track for moderate growth in 2016 relative to its 2015 debut. Compare this to Fitbit, the leading fitness tracker: as per Fitbit's SEC filings, its sales grew 21% YoY in the nine months ending October...
 

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