Global smartwatch revenues in Q4 2016 were up an impressive 91% QoQ with the industry ARPU averaging US$300. #1 Apple had a very strong fourth quarter over the Western Holiday Season, taking more than three quarters of total global smartwatch revenues after it's first full quarter of Apple Watch Series 1 and 2 availability.  Apple and Huawei have met some success with high-end smartwatches, but it is the sub-US$500 segment that counts for 3 of every 4 units sold and, more than 50% of dollars spent. We expect a competitive market in 2017 with new high-profile Android Wear 2.0 devices from LG, Huawei, and others. Our report tracks smartwatch revenues and shipments market share for leading vendors by quarter from 2013 to Q4 2016. It can be used by device OEM's, component suppliers, operators, developers/ content providers and others to scale the global market.