Wearables shipments down 21% on year in July-Sep: IDC

economictimes.indiatimes.com:

wearable devices such as smartwatches, earphones and fitness bands saw a decline for the second consecutive quarter during the July-September period.
According to data from market research firm IDC, shipments in the three-month period fell 20.7% year on year, with smartwatches witnessing the highest impact.

ET reported on November 5 about a protracted slowdown in wearables firms over the last 12-15 months.

“This downturn can primarily be attributed to a reduction in new product launches and a cautious inventory strategy, even during the festive season,” IDC noted.

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