While companies such as Fitbit Inc. and Jawbone have made some headway introducing wearables to the public, global sales of the activity trackers hit just 13.6 million units last year, according to researcher Parks Associates. That's about the number of iPhones Apple sells in a month, giving Chief Executive Officer Tim Cook room to boost the size of the market.

From the article "Apple Bets IPhone Magic Will Spill Over to Wearables" by Adam Satariano and Peter Burrows.

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