Demand keeps increasing for wearable devices

RetailME Bureau

Huawei unveiled its first smart bracelet, while Samsung introduced wrist watches based on its Tizen operating system at the Mobile World Congress.

Huawei’s smart bracelet will satisfy demand from customers for wearable devices that can be used for everything from monitoring health to messaging functions. On the other hand, Samsung introduced the Gear 2 and Gear 2 Neo. The 1.63-inch wristwatches will go on sale from April and are compatible with more than dozens of Samsung’s Android-based Galaxy smartphones.

Global sales of smart watches, glasses and medical products were about $10 billion last year and are forecast to triple by 2018, predicts IHS.