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Apple watches sold 70 percent less than last year

Apple CEO Tim Cook speaks about the Apple Watch during an Apple special event at the Apple headquarters in Cupertino, California.  Justin Sullivan/Getty Images

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The good news: a new report shows that Apple sold over a million smartwatches this summer. The bad news: sales are 71 percent down from the same period last year. Smartwatches were quick out of the gate, but sales have slowed, including Garmin’s and Samsung’s versions. What’s behind this drastic drop in sales?   

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