ZTE, the Chinese mobile device maker, will begin selling smart watches next quarter, signalling that the nascent market for wearable connected devices is already becoming crowded with cheaper alternatives.
Prices for such wearable technology are forecast by analysts to fall quickly. CCS Insight forecast that growth in the segment
“will spike when smartwatch prices drop to significantly lower levels than today”. Sales of small Android devices will exceed 100m by 2015 after initial sluggish demand, it forecasts.
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