Wearables market increased 18 percent year-over-year
Xiaomi and Apple tied in the top spot in Q1
The worldwide market for wearable devices, including smartwatches, smart clothing, and fitness trackers, has increased 17.9 percent from the total number of units shipped in 2016, according to a report from IDC.
MediaTek revenues jump 29 percent in 2016
Strategy this year is to sell high-end smartphone SoCs
MediaTek, the fabless semiconductor company from Taiwan that provides SoCs for HDTVs, Blu-ray players and wireless products, saw its revenues jump by 29.2 percent year-over-year to a record high of $8.6 billion (¥$275.51 billion), according to the latest industry reports.
US wearables market growth is slow
But still 15.8 percent of US adult population
The market for wearable devices including smartwatches and fitness trackers in the US is progressing along at a rather slow pace of just 25 percent year-over-year, according to the latest industry estimates.