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Hong Kong expected to lead the way as smartwatch sales predicted to soar

Hong Kong expected to lead the way on latest gadget, with global sales predicted to hit US$50b

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Dick Tracy appears to have been ahead of his time.

The smartwatch has been a staple of science-fiction since Dick Tracy and his "wrist radio" made their comic debut in the 1940s. But now the technology is a reality, and smartwatches are catching on in the mainstream consumer market, with the likes of Apple expected to get involved alongside Google.

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Wearable technology is emerging as the next frontier for consumers, with research firm ON World predicting that the global market will hit US$50 billion by 2018.

But the rise of the smartwatch doesn't delight everyone: some fear another gadget is not what modern society needs.

In Hong Kong, where tech-savvy shoppers have long been early adopters of the latest gadgets, smartwatch sales are expected to soar.

Market research firm Counterpoint Technology predicts that smartwatch sales in Hong Kong will rise from 165,000 last year to 1.4 million next year.

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"Our estimates are based on the assumption that players such as Apple, Microsoft, Xiaomi, Samsung, Motorola, and LG jump in with compelling offerings and at an attractive price," said Neil Shah, Counterpoint's research director.

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