Apple dominated the wearable market in 2018
Wearables are doing great nowadays, and Apple is back on top, reveals a fresh report by market research firm IDC. According to this report, the global market for wearable devices grew by 27.5 percent from 2017, reaching 172.2 million units for the entire last year. Although about one-quarter of the total can be attributed to ear-worn devices, smartwatches also accounted for around 30 percent thanks to a solid YoY growth of over 50 percent.
Without further ado, these are the top companies that shared the wearable market in 2018 and their figures (last quarter shipments, shipments for the entire year, and YoY growth):
- Apple: 16.2 million, 46 million, 39.5 percent
- Xiaomi: 7.5 million, 23.3 million, 44.6 percent
- Fitbit: 5.5 million, 13.8 million, -10 percent
- Huawei: 5.7 million, 11.3 million, 147.3 percent
- Samsung: 4 million, 10.7 million, 85.1 percent
In addition to the various Apple Watch models currently on the market, the Cupertino-based company is also selling the popular AirPods, as well as a wide range of accessories. Xiaomi, on the other hand, has a very large portfolio of wearable products, including quite a few affordable fitness trackers and various smartwatches.
This year promises to be a very interesting one for the wearable market and it would not be surprising to see Xiaomi on top of it in 2020, although it is almost certain that Apple will keep its position in 2019.