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I wonder if this is true of the hardware wearable market on general. There's a solid set of niches but none are going to be hugely profitable on their own in th
by yellow_postit 9y ago
I wonder if this is true of the hardware wearable market on general. There's a solid set of niches but none are going to be hugely profitable on their own in the near to medium term due to a small market size. Apple is beyond "over funded", both in terms of equity and investor perceptions, so it can stay in on the hopes it eventually pans out.
- ghaff 9y agoIn general, wearables, a lot of consumer IoT (SmartHome), action cams, maybe consumer drones (?), maybe VR (?), etc. there's also a lot of fashion/fad. And, as you suggest, the actual core number of users in a lot of these areas may turn out to be relatively small when the dust settles. And the current fads switch elsewhere for a couple of years. That's not to say that everything is doom and gloom. But it's a tough market for companies to play in and they probably need to be reasonably diversified for when one area falls out of mainstream favor.
- taneq 9y agoI think the problem with wearables is that the estimated market size, back when smartwatches were 'going to be the next big thing', was based on perceptions from before mobile phones took off, when everyone wore watches because they needed one to tell the time. But now everyone has a mobile phone, they don't need to wear a watch, and so the only people who wear watches are people who actually want to wear one, which is a far smaller market than "everyone".