Scalper1 News
Samsung and Pebble dominate the nascent smartwatch market today, but the expected entry of Apple (AAPL) and Google (GOOGL) into the field this year will shake things up. Nearly 500,000 smartwatches have sold in the U.S. since last October, generating sales of $96 million, the NPD Group reported Wednesday. Samsung’s Gear watches accounted for 78% of the revenue, followed by Pebble with 18%. The average price of a smartwatch is now $198, NPD analyst Ben Arnold says. But average prices have fluctuated since October, reaching as high as $257 and dropping as low as $160, he said. Samsung has offered its Gear watches in promotions, bundled with its Galaxy and Note smartphones. Arnold told IBD that smartwatch sales in the U.S. could reach 2 million units this year as new devices hit the market. An NPD survey found that 20% of consumers say they are interested in purchasing a smartwatch… Scalper1 News
Scalper1 News