Heard on the Street: It is prime time for smartwatches. Once-expensive gimmicks are no longer a fad, but there is still plenty of market to reach.
Smartwatches are most certainly no longer a fad. Whether their makers can turn them into necessities is the new billion-dollar question. Many billions of dollars, in fact.
Apple Inc. alone is estimated to have sold $9.9 billion worth of its Apple Watch in 2018, according to consensus analyst estimates from Visible Alpha. Analysts see this segment rising to more than $15 billion annually for the company in the next two years. And while the iPhone maker has the largest share of the market, rivals including Fitbit, Garmin, Huawei...
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