Wearable Technology on Track to Become a $50 Billion Dollar Industry

Credit Suisse released a massive report recently forecasting the outlook of the wearable technology market, incidentally, validating my predictions over the next 1-2 years: that this market is about to explode. 

One day you guys will catch on to this futurist thing, I promise.

Here are some key takeaways from the report:

• Wearable tech is already a $3- to $5 billion market today.
• Wearable tech is forecasted to skyrocket to $30 - $50 billion. Did you get that? Its going to explode. 
• There are more than 250 million installed mobile operating systems that can support wearable technology. 
• An iWatch could generate $10 billion a year in revenue with an EPS of $3.30. There are currently only nine smartwatches available today.
• Watches are a $56 billion market.
• Regarding retail impact, Nike, Adidas, and Under Armour have best leveraged wearables to enhance the fitness experience and efficacy of their products.
• The health and fitness market is about $2- to $3 billion.
• By 2020, batteries are expected to be 2.2x more powerful.

Don't just take my word for it. Search Google for more information.