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TAP TIMES       -38-                                   APRIL 2022


        Wearables delivered double-digit                        factor offers consumers more features and

           growth for Q421 and full year                        customization.


        NEEDHAM, Mass. — The worldwide                          Lesser-known categories such as glasses
        wearables market hit a new record                       (those without displays), rings, connect-
        high in the fourth quarter of 2021                      ed shoes, and others managed to grow
        (4Q21) as shipments reached 171 mil-                    94.1% during the quarter largely due to
        lion units, up 10.8% from the same                      products like the Oura Ring and Facebook/
        quarter last year, according to new                     Ray-Ban Stories.
        data from the International Data Cor-
        poration (IDC) Worldwide Quarterly                      Supply issues are subsiding
        Wearable Device Tracker.                                “While supply has been a constant battle
                                                                for many companies during 2021, many

        Health and fitness                                      of the issues began to subside during the
        New products and continued demand for                   quarter and allowed brands to ship record
        health and fitness tracking products along              volumes while broadening their product
        with hearables helped the market main-                  lines,” said Jitesh Ubrani, research manag-
        tain its momentum. Shipments for the full               er for IDC Mobility and Consumer Device
        year 2021 totaled 533.6 million units, an               Trackers.
        increase of 20.0% over 2020.
                                                                “However, the supply crunch also forced
        Hearables were once again the leading                   many companies to think about services
        category as shipment volume grew 9.6%                   and this is likely going to play a key role
        during the quarter and accounted for al-                in the wearbles market moving forward as
        most two-thirds of the entire wearables                 OEMs can experiment with their business
        market.                                                 models by subsidzing the hardware pur-
                                                                chase though on-going services revenue.”
         Meanwhile, watches continued to steal
        share from wristbands as the larger form                Apple remained out-front
                                                                “Although Apple remained far out-front for
                                                                the year, another telling sign of the market
                                                                              is the long list of vendors com-
                                                                              ing afterwards,” notes Ramon
                                                                              T. Llamas, research director.


                                                                              “Samsung, Huawei, and Imag-
                                                                              ine Marketing all posted mar-
                                                                              ket-beating year-over-year
                                                                              growth, as did our collective
                                                                              ‘Others’ group.

                                                                              “That shows demand is
                                                                              spreading out to other compa-
                                                                              nies and products, all of which
                                                                              bring added diversity and price
                                                                              competition to attract and re-
                                                                              tain more customers.”
                                                                                                          idc.com
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