This year hasn’t started off well for the world. We have all been dealing with the Corona Virus across the world in one way or another. According to the WHO ( World Health Organization), Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). A novel coronavirus (nCoV) is a new strain that has not been previously identified in humans.
This virus has not only been a major health concern but it has had an economic impact as well. According to a Reuters poll of economists, China’s economic growth expected to slow to 4.5% in the first quarter of 2020 – the slowest pace since the financial crisis. This will affect a number of different streams of the economy. This includes wearables as well. BrigherSight recently reported a variety of new wearables that were on showcase at the Consumer Electronics Show in Las Vegas.
The Coronavirus has impacted the China wearable market. Specifically, Nreal Temporarily has halted the production of ‘Light’ AR Headset due to Coronavirus.
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