"Fitbit's latest earnings reports weren't good at all. Pebble sold itself at a firesale price (to Fitbit) and cancelled its future watches. Microsoft, Motorola and Intel appear to have halted (or at least suspended) their wearable product lines. The Samsung Gear S3 slid into the holidays with a whimper, not a bang. And while Apple claims it just had its best weekly sales of the Apple Watch ever, that comes after some deep holiday discounts -- and lackluster sales for the first three quarters of the year.
In light of all that, it's hardly a surprise that sales of smartwatches and wearables are in a pretty significant downturn, according to a recent report by analyst firm IDC.
What's going on?
I've worn nearly all of the big new fitness trackers and smartwatches of the past two years. And that's why I'm not surprised that the market is cooling. The reason is simple: they're not doing anything new."