Thanks for attempting some analysis. But like many, too many assumptions or incorrect stats to be of real value. Its worthwhile trying to find "facts" when you do this sort of analysis - things are changing so quickly.
You stated: "Out of the wearable devices (100 million) conservatively 60% are wristbands and smart watches. So lets say 60 million."
The largest sector in wearables is now hearables. So that means that wristbands and smart watches cannot be 60%. The last data I saw the number you should use had dropped below 50% and was on a downward trajectory.
Here's some data that you could use for projections: https://www.statista.com/statistics/296565/wearables-worldwide-shipments/
This is useful too: https://www.idc.com/getdoc.jsp?containerId=prUS45521319
Obviously there is massive potential here - but in my view "pie in the sky" numbers in new technology just lead to disappointment in retail investors - and the type of selling CDX have been experiencing now for months.
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