Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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IDC divided the wearables into two categories: basic and smart wearables. While basic wearables delivered 48.8 percent jump on a year-over-year basis, smart wearables witnessed a year-over-year drop of 27.2 percent.
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The research firm's research manager for wearables, Ramon Llamas, said, "Basic wearables, which include most fitness trackers, have benefited from a combination of factors: a clear value proposition for end-users, an abundant selection of devices from multiple vendors, and affordable price points."
The Top 3
Among the top five, Fitbit shipped 5.7 million units and boosted its market share from 24.9 percent to 25.4 percent and retained the leadership position. The second position is filled by Xiaomi with 3.1-million-unit shipment recording 2.5 year-over-year growth. As a result, its share dipped from 17.2 percent to 14.0 percent.
The third position is held by Apple, despite witnessing 56.7 percent drop in unit shipment to 1.6 million. Its market share plunged from 20.3 percent to 7.0 percent in the wearable segment.
The fourth position is occupied by Garmin Ltd. (NASDAQ: GRMN) more than doubling its shipment to 1.6 million units in the second quarter. As a result, its market share advanced from 4.2 percent to 6.9 percent.
At Time Of Writing ...
- Apple was down 0.15 percent at $107.57.
- Fitbit was trading at $15.20, up 1.71 percent.
- Garmin shares were up 0.43 percent at $48.96.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.