Without a new Apple Watch, smartwatch shipments decline in Q2

A lack of new hardware means smartwatch shipments were down for the first time. Until now, the smartwatch market had seen year-over-year growth each quarter since the devices made their debut. For Q2 2016 though, that wasn't the case. Global smartwatch shipments were down 32 percent, totaling 3.5 million gadgets during the period. That figure is down from 5.1 million of the wearables shipped during the second quarter of 2015. Apple still led the pack with 1.6 million units, but it was the only top-selling company to experience an annual decline. It's worth noting that Q2 2015 was when the Apple Watch launched and there hasn't been an updated model yet.

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