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Will Apple (AAPL) Stock React as Global Wearables Share Falls to 7%?

NEW YORK (TheStreet) -- Apple's (AAPL) share of the global wearables market more than halved during the 2016 second quarter as overall sales of smart wearable devices slowed down and consumer instead chose standalone fitness trackers, MarketWatch reports.

Overall shipments of wearable devices jumped 26.1% to 22.5 million units during the period, boosted by a 49% year-over-year rise in basic wearables, such as fitness trackers that measure steps taken, according to data from industry tracker IDC published...