Consumer internet of things sales, especially wearable devices, have seen a sharp reduction in sales during the Covid-19 pandemic, ABI Research says. Wearables have been affected because consumer interest in buying non-essential devices has dropped in the first quarter of 2020. Supply chain issues also are an issue.
But ABI Research also believes the pandemic dip only postpones demand for wearable devices. And sales of healthcare related wearables arguably have increased.
Wearable shipments in 2020 are now expected to be 254 million, down from the previously forecasted 281 million. That still represents a minor increase from the 241 million shipments in 2019.
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