News & Analysis
Wearable Computing Market on 78% CAGR Through 2018
4/17/2014 09:00 AM EDT
Shipments of wearable computer devices will reach 19.2 million in 2014, roughly tripling from the previous year, and will climb to nearly 112 million units in 2018, according to the market research organization IDC.
The ramp-up represents a compound annual growth rate of 78.4%.
Early adopters have been buying fitness monitors such as Nike FuelBand, Jawbone UP, and Fitbit, which operate partially standalone but can be connected to a smartphone, tablet, or personal computer to achieve full functionality.
Complex accessories have succeeded in drawing attention to a wearables market that has had some difficulty gaining traction, according to Ramon Llamas, a research manager with IDC.
Similar to the complex accessory, which piggybacks off pre-existing computing devices, the smart accessory comes with an ability to host third-party applications so that connection and crowdsourced information create value for the user. While not quite ready for prime time, the smart accessory market will continue to mature as users better understand and accept the value proposition and vendors refine their offerings.
The third segment of the wearables market is smart wearables, such as Google Glass, which function with full autonomy, independent of any other device except to access the Internet. IDC said the "runway" for smart wearables is long, and it will not be until 2016 that millions of units will be shipping.
Samsung is the most trusted brand with regard to wearables, followed by Apple, Sony, and Google, according to research conducted by IDC amongst 50,000 consumers in 26 countries.
This article originally appeared on EE Times Europe.
Although I am happy Google uses INVN products, I would be lying if I said I was sad. Yesterday somebody (probably a competitor) flamed my business with a bogus google review. No detail information, just a lot of BS about how I cheat people. Yeah that's how I have lasted for 17 years with repeat customers, I cheat everyone. In order to respond as owner of my google listing I had to first prove I own my web site. After about 2 frustrating hours I had to call my ISP (internet service provider for help) then I found out I had to prove I was the one who set up the google business listing. It was set up by an employee long gone and I had no information as to password, email address it was set up under, etc. It took another 2 or three hours of searching online for google telephone numbers before I finaly could get a human voice on the line and they took pity on me and transferred me to someone in tech support who helped me. Its all online or menu driven. Its like the don't want you talking to anyone.
For one day only next week, pretty much anyone, not just techies, can be a Google Glass owner.
On April 15 at 6 a.m. Pacific Time, Google will give any adult in the U.S. a chance to become an “explorer,” as the company calls folks who have been trying out the wearable computing device.
Google Glass will be on sale for $1,500 (plus tax). The device “comes with your favorite shade or frame,” a company blog post said.
Expecting a deluge of requests, Google says the “number of spots available is limited,” so customers better be ready and move fast.
Unfortunately, this offer is only for the U.S. “To everyone outside the US… we know. Sorry :( We’re just not ready yet to bring Glass to other countries,” the company said.
Of course, there are folks in the U.S. who are “sorry” Google GOOG Glass is gaining popularity what with worries about privacy and incidents of surreptitious recording.
In fact, Google Glass wearers have earned the highly-unflattering moniker “glassh—.”
The device is seen as a longterm play for Google — another avenue for expanding its online ad business.
Marc Poirier, co- founder of Acquisio, digital marketing platform company, said Google may be looking to see how Google Glass will be received by more people beyond the techie crowd.
“Google Glass could make the promise of location-based marketing a reality, however it’s not immediately obvious that Glass will have any success beyond the early adopters,” he told MarketWatch. “This ‘sale’ should help gauge interest beyond the ‘in’ crowd and in that sense the results of this sale will tell us a lot about the future of Glass.”
It would be fantastic if INVN were in an Apple product. What is important is an Iwatch will make wearable tech "cool" just like the first Iphone and smartphones. As you say, a successful Iwatch opens the door to INVN whether its in the Iwatch or not. Of course, I want them to be in it. I am still going to say Iwatch and Iphone rumors bring this stock up to around 30 this summer. Last year the Apple rumor run started the first week of May. I am reading a September launch date with a larger phablet maybe out in summer. This is what we had last year. If I remember correctly INVN was not in the phablet, corrected some but then continued to go up until it was confirmed to not be in the Iphone 5 and we had about a 25 percent pull back. I agree with the Seeking Alpha headline ".....Solid Investment With or Without Apple" but an apple win would light a fire under this stock and 20 bucks will look ridiculously cheap in hindsight.
A couple analysts predicted INVN would win more content in the S5 versus earlier phones. Can we tell if that's true or do we have to wait for the CC??
Omen of a good CC??
I have a list of stocks in the smartphone "internet of things" space and they are being stubborn. I need them to drop more in order to be in my "safe" zone. One example I can give is SYNA which makes the touchscreens and fingerprint sensors for Samsung and other phone makers. I bought shares in the low 40s sold in the low 50s and watched it go all the way up to around 67. Amazing. It just kept going up and up and up on little news. SYNA has always been a buy at around ten times forward earnings plus cash. That would put it at about 54 dollars a share but it refuses to go below 56 - 57 even with all this "correcting" going on. There are several stocks doing the same thing. They are just hovering above my buy points while the markets continue to go down. Very frustrating. I imagine if I bite the bullet, that's when they will drop below my buy points. That's how it happens most times.
I am talking about the drop to ten that happened in spring (May) 2013. The founding CEO resigning was announced in late 2012 and you see a drop below ten in November 2012 from around 14. I think that's when the Nasiri resignation was announced. I remember looking into that when I started buying shares because sometimes a CEO resigning can be the captain leaving the sinking ship (Enron) and sometimes the board and CEO aren't on the same track and part company (INVN). Going back what appears to have propelled the stock down until May were rumors that INVN was not in the Samsung Galaxy 4 smartphone. A couple different writers on Seeking alpha linked to a story on CBS Marketwatch concerning a teardown revealing an Atmel sensor hub and sensors with INVN no where to be found. And yes the STM lawsuit didn't help matters. There were a couple articles on Seeking Alpha and other sites that INVN being david was going to get crushed by Goliath. The stock price rocketed up around May 2 when apple rumors came out and it kept going up until those rumors were found to be untrue in the fall of 2013 helped along by a good first qtr CC.
A good time to buy was early last year watching INVN go from 15 (where I started my buys and then watching it go down below ten for NO reason at all. That's FEAR and I bought all the way down. I was sweating watching thousands of dollars go out the window every day wondering if there wasn't some terrible inside info driving the drop. This is nothing. Its been my experience gamblers and traders rarely talk about losses.
The 10 week line is the support. I was thinking below 20 but 20 right now seems to be the support. I think its actually holding up quite well. Listening to my local radio business guy while running errands you would think the world Is coming to an end. I was hoping when I got home my watch list would be lower so I could make some buys. Apple rumors will drive this just like late last summer. The channel right now appears to be 20 - 24 on the high side. To bust out of that we need some unexpected good news. I also think when the FY 16 estimates come out that drives us higher.
So far its just a rumor that pushes the stock up and then crashes it when its not true.
My thesis is that much of the shares short are people hedging long positions. I realize at some time these positions have to unwind, but if that's true does that make a difference versus people who just short the stock hoping for a lower price?