Smart watches are the latest must-have gadget

Worldwide, the market for smart watches has grown from 500,000 in 2013, to over 5 million by the end of 2014. These devices – which function as wearable computers – are the most important new product category in consumer electronics since the iPad.
Apple, Google, Microsoft and Samsung are among the firms launching a variety of stylish, hi-tech watches, incorporating a myriad of new hardware and software features to boost their appeal to consumers. Among the most popular uses are in health and wellness monitoring, sports and fitness. The market for traditional watches is being disrupted by the added functionality of this new generation.*