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Wearables Market Appears Primed for Apples iWatch

From WallStreet Tech Cheat Sheet

If the rumors about the release of Apple’s so-called iWatch are proven to be true later this year, it would appear that the Cupertino-based company will be entering the wearables market at an ideal time. A new report from market research firm CCS Insight suggests that the wearables market is about to undergo a major growth spurt over the next three years. According to CCS Insight, shipments of various smart wearables reached 9.7 million units last year. By 2018, CCS Insight predicts that the market will be fourteen times larger with approximately 135 million units shipped. Smart wearable products include everything from smartwatches and smartbands, to glasswear and tokens.

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