Singapore’s affluent population and well-developed Internet infrastructure have been playing a major role in driving consumers’ appetite for connected gadgets, according to market research firm GfK.
Apple chief executive Tim Cook took to the stage at the company’s ‘Spring Forward’ event to launch the Apple Watch, the company’s first new product since the iPad, and the first new product category launch under Cook. What does this portend for Apple, and the market as a whole?
The 2015 International CES wrapped up in Las Vegas recently, but one could argue that 2015 continues to be a year of transition, as startups and established players experiment with new ideas around wearables, automotive technology, and connected devices in the home.
According to the January and February 2014 reports from global market research firm GfK, which started tracking retail sales of smartwatches this year, the smartwatch market was already worth around US$345,000 in the first two months of 2014.