Intel Smart Eyewear Deal With Oakley Latest Move in Wearables Push - Page 2

Other devices unveiled during Fasion Week include a smart bracelet and sustainable bag powered by Intel and developed by Tome. The bracelet enables users to stay connected while the bag gathers such data as ambient temperature, barometric pressure and toxic gases, and can send alerts. Meanwhile, Baja East unveiled a smart, connected shoe that tracks fitness data.

Intel late last month announced a partnership with Teva Pharmaceutical Industries to develop a wearable platform that includes a smartphone and smartwatch that will help monitor patients with Huntington's, a degenerative disease that leads to a decline in motor control and cognitive abilities. The smartphone and smartwatch will measure the user's movements.

In addition, Thalmic Labs announced last month that it had raised $120 million in funding led by Intel Capital, the chip maker's investment arm. Thalmic, founded in 2012, developed Myo, a gesture-control armband that uses the electricity activity of the user's muscles to control devices such as drones and smartphones.

The global wearable market is growing quickly. According to IDC analysts, in the second quarter, unit shipments increased 26.1 percent year over year, fueled by the market for basic wearables—devices such as fitness trackers that don't run third-party apps—which grew 48.8 percent. Smart wearables—such as smartwatches—dropped 27.7 percent.

Also in the second quarter, revenue for Intel's Internet of Things segment, which includes wearables, grew 2 percent over the same period in 2015 to $572 million.