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February 15, 2019 12:40 am

Year-Over-Year Smartwatch Sales Jumped By 61% In the US Last Year

New research from The NPD Group reveals that the smartwatch market overall is growing at an impressive rate and that the Apple Watch remains the best-selling wearable on the market. "Specifically, year-over-year smartwatch unit sales in the U.S. jumped by 61% while revenue jumped by 51%," reports BGR. "As for specific revenue figures, the report relays that smartwatch revenue from November of 2017 through November of 2018 checked in at $5 billion. One particularly interesting data point is that 88% of all smartwatch sales can be attributed to Apple, Samsung, and Fitbit." From the report: "Over the last 18 months smartwatch sales gained strong momentum, proving the naysayers, who didn't think the category could achieve mainstream acceptance, had potentially judged too soon," NPD analyst Weston Henderek said in a press release. "The ability to be truly connected via built-in LTE without the need to have a smartphone nearby proved to be a tipping point for consumers, as they now recognize the value in being able to complete a wide range of tasks on the device including receiving notifications, messaging, accessing smart home controls, and more." Indeed, Apple executives have pointed to the inclusion of LTE connectivity on the Apple Watch Series 3 as a huge selling point. Notably, Apple Watch sales during the 2017 holiday quarter were record-breaking. More recently, Tim Cook said that revenue from Apple wearables line jumped by 50% "thanks to strong sales of both Apple Watch and AirPods."

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