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Samsung dominates the smartwatch market

Samsung Gear 2 Neo smartwatch
Samsung Gear 2 Neo
According to the latest statistics Samsung controls over 70 percent of the smartwatch market with around 500,000 units sold during Q1 2014.

Smartwatches are still far less popular than tablets or smartphones, but this segment of the market is taking off slowly but surely. Google's upcoming Android Wear will be unveiled soon and this device will certainly draw a lot of attention in the months to come, but it seems like Samsung is the company to watch when it comes to these wearables - at least for now.

A recent report by Strategy Analytics reveals that Samsung sold about 500,000 Galaxy Gear smartwatches on the first quarter, while global shipments grew with no less than 250 percent year-over-year.

"The market was driven heavily by Samsung and its Galaxy Gear model, which is outperforming all major rivals like Motorola and Pebble." reads the summary of this report and it is also worth mentioning that the South Korean company enjoys a whopping 71 percent market share.

In the future, Samsung will add two more devices to this market, the Gear 2 and Gear 2 Neo, but they will face new smartwatches from the competition as well, including the 360 by Motorola and LG's G Watch. Remains to be seen for how long will continue this market to grow and if Samsung succeeds in keeping its comfortable lead.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2014 05 > Samsung dominates the smartwatch market
Author: Codrut Nistor, 2014-05-19 (Update: 2014-05-19)