Wearable market blossoms

Apple WatchThe relatively new “wearables” sector blossomed in the third quarter, with shipments up 197.6 percent compared to the same quarter last year.

IDC said that Xiaomi and XTC look like they will be strong contenders in the sector, in which IDC includes both basic wearable devices and so-called “smart” devices, like the Apple watch.

Chinese vendors in general appear to have leaped onto the wearable bandwagon, said Ramon Llamas, research manager at IDC.

“China has quickly emerged as the fastest growing wearables market, attracting companies eager to compete on price and feature sets.”

Shipment volumes for both basic fitness tracking and more sophisticated gadgets have both increased.

IDC said there’s a bifurcation not only in features but in pricee too, with smart watches costing over $400 and basic unites at $95 or so.

Fitbit is the king of the wearables castle, while Xiaomi’s cheap Mi Band selling over 97 percent of volumes in its home market.