Report: Wearable Devices To Top $28 Billion in Sales in 2016

By Joshua Bolkan, THE Journal

Wearable electronic device sales will increase 18.4 percent year over year to hit 274.6 million shipments in 2016, according to a new forecast from market research firm Gartner. Of the $28.7 billion the company predicts sales of the devices will generate in revenue, $11.5 billion will come from smartwatches alone. “From 2015 through 2017, smartwatch adoption will have 48 percent growth largely due to Apple popularizing wearables as a lifestyle trend.

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