Study: Few Consumers Plan to Purchase Wearable Tech in Coming Year

While health and fitness smartphone accessories such as Fitbit and Fuelband are paving the way for wearable tech, and Apple has revealed its first watch, new research shows that very few people intend to purchase any kind of wearable tech in the coming year.

According to the report by international law firm Osborne Clarke and app developer Mubaloo, just 8 percent of consumers intend to purchase a smartwatch, Google Glass or any sort of wearable tech in the next year.

James Mullock of Osborne Clarke says their research shows "the market penetration is still not out of the first quartile".