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Benzinga
Benzinga
Business
Bibhu Pattnaik

Apple Inc. Encouraged To Enter Smart Ring Market Amid Slowing Wearables Revenue

Apple Oura AAPL
Apple Hong Kong

Apple Inc. (NASDAQ:AAPL) is being urged to consider the development of a smart ring.

Bloomberg’s Mark Gurman, in his latest weekly “Power On" reported that the wearables and smartwatch segment of the tech behemoth has been witnessing a slowdown, with a revenue drop of 7% in the last fiscal year.

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