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Wearables Bounce Back with 8.5% Growth in Q2 2023 and a Positive Forecast, According to IDC

By IDC

20 Sept 2023

Global shipments for wearable devices returned to growth in the second quarter of 2023 (2Q23) reversing two quarters of decline, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. The market grew 8.5% year over year with shipments totaling 116.3 million devices. This growth came at the expense of overall market value as average selling prices (ASPs) fell due to increased competition and discounting by retailers seeking to reduce excess inventory.

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