"Basic wearables started out as single-purpose devices tracking footsteps and are morphing into multi-purpose wearable devices, fusing together multiple health and fitness capabilities and smartphone notifications", said Ramon Llamas, research manager for IDC's Wearables team.
The wearables market is growing, but even more significantly, it is shifting.
As a result, growth in the wearables sector may increasingly be driven by other regions, and by products which are either cheaper, such as those Xiaomi sells, or which offer something different, such as smart clothing and ear-worn devices like the Xperia Ear, both of which are also on the rise. However, "once these devices become connected to a cellular network, expect unique applications and communications capabilities to become available".
"This will also solve another key issue: freeing the device from the smartphone, creating a standalone experience".
USA company Fitbit sold 22.5 million wearable devices in 2016, accounting for 22 percent of the global total. Year-over-year, Fitbit's 4Q unit shipments dropped 22.7%, however.
Garmin, another major player in the wearable market had a slight fall by 4 per cent but is still holding a strong hold of the market and has 6.2 per cent market share in the last quarter of 2016. The consensus estimate among Wall Street analysts was that Apple sold 4.9 million watches in the holiday sales quarter.
However, there's been a shift in the focus of the devices themselves.
Apple Watch was expected to dominate a nascent wearables industry when it was launched two years ago, bringing the limited functionality of the standard device in the sector to a whole new level. Xiaomi is the big mover this time around, seeing a year-over-year growth of about 96.2%. IDC said low-priced competitors were eating away at its share.
Despite Xiaomi's high growth on shipment, IDC claimed that Xiaomi still lacks the expertise and brand recognition to expand beyond its native borders in China.
In contrast, the shipments of wearable's all across the world have experienced an increase of approximately 17% during the fourth quarter of FY16, mainly led by Chinese tech giant, Xiaomi and the Cupertino giant, Apple, as per the market research firm, International Data Corporation (IDC).
I haven't had that. "I'm definitely a bit weak". - McIlroy describing the stomach issues he suffered prior to the opening round. But I haven't eaten so I'm a little weak The positive news is that I didn't feel the rib at all. "And I don't often say that".
According to reporters on the ground, little Russian flags with the word "TRUMP" on them were handed out. But as you saw throughout the entire campaign, and even now, the fake news doesn't tell the truth.
Additionally, reports do not indicate if the Bills would take on Siemian and Taylor, or if Siemian would be potential replacement. Tony Romo was not mentioned by name, but his situation could soon clarify with the Dallas Cowboys prepared to release him.
WOTUS expanded protection to include smaller streams and wetlands that drain into major rivers, bays, and drinking water sources. Army Corps of Engineers, which jointly administer WOTUS, will have to justify their findings with scientific research.
Fox News's "The O'Reilly Factor" this week featured a guest with inaccurate credentials, The Washington Post reported Saturday. The network said O'Reilly was expected to address the subject further on Monday's show.
The index fund is up 85.4 percent, Buffett said, while the hedge fund groups are up between 2.9 percent and 62.8 percent. Berkshire generated $58.3 billion revenue in the quarter, up from $51.7 billion a year earlier.
Already, the company has lost some of its top executives in India. "All businesses need to be profitable to be sustainable". As per sources close to development, the layoffs are a precursor to the company's eventual exit from India.
Compensatory draft picks can be confusing to some, so here's a quick explanation of how they are awarded. Today the league announced which teams will be receiving compensatory picks for the upcoming NFL draft.
Portland General Electric Company (NYSE:POR) Analyst Coverage
General Electric Company (GE) formally announced its most recent dividend on February 10, 2017 with a Dividend per share of $0.24. Following the completion of the transaction, the insider now directly owns 68,757 shares in the company, valued at $2,037,269.91.
Severe storm chances linger into evening hours
The storms are moving in from the west, this evening, some of which will be capable of damaging winds and isolated tornadoes. Along with tornadoes, damaging winds in excess of 60 miles per hour will be a threat, along with large hail and heavy rain.
Tuesday's Champions League games make goal-scoring history
I am not surprised Guardiola says his side will fly to Monaco for the second leg looking to score as many goals as possible. I've been to St Etienne a few times as a fan and while they don't get huge numbers it's quite a hostile stadium to go into.