Wearable device sales have jumped more than 30% this year, exec says

CNBC November 20, 2020
Sumathi Bala

Key Points

– Wearables are expected to grow to an almost $70 billion market globally by 2025, with the dominant sector being healthcare.

– “Wearable device sales have grown by 30% or more compared to last year,” says Taejong Jay Yang, senior vice president of Samsung Electronics.

Wearable device sales are up globally by more than 30% this year as people buy them to monitor their health, a senior tech executive told CNBC.

Taejong Jay Yang, senior vice president at Samsung Electronics, said consumers are buying wearable products that they can use to check their health during the coronavirus pandemic.

“Although a majority of consumers plan to spend less this year due to the pandemic, wearable device sales have...

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