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Wearables market up 18 percent YoY

Wearables market up 18 percent YoY
Wearables market up 18 percent YoY
Meanwhile, Fitbit loses its substantial foothold on the market to alternative smartwatches with more advanced features.

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According to market research firm IDC, the first quarter of 2017 saw a significant spike in sales from 20.9 million units in Q1 2016 to 24.7 million units.

The expanding market doesn't necessarily mean sales upticks for each manufacturer, however. Fitbit, the previous sales champion of the wearables market, has slipped by almost half from 23.2 percent of the market pie to just 12.3 percent. Both Xiaomi and Apple have launched budget and high-end alternatives, respectively, that are reaching out to a wider range of customers beyond the existing Fitbit users. Xiaomi and Apple are now neck to neck and in the lead at 14.7 percent and 14.6 percent, respectively.

Perhaps more interesting is that Xiaomi actually fell 3.3 percent last quarter compared to a year earlier. IDC is predicting that users are quickly turning their backs on simple fitness wristbands in favor of pricier smartwatches with more extensive features.

Fitbit has shown interest in reclaiming its top spot as the company recently acquired the smartwatch company Pebble and will likely integrate its technology onto future flagship Fitbit devices. The manufacturer has likely been under immense pressure this year to launch a high-end competitive wearable or else risk the loss of even more customers in the Holiday season ahead.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 06 > Wearables market up 18 percent YoY
Allen Ngo, 2017-06- 7 (Update: 2018-05-15)
Allen Ngo
Allen Ngo - US Editor in Chief
After graduating with a B.S. in environmental hydrodynamics from the University of California, I studied reactor physics to become licensed by the U.S. NRC to operate nuclear reactors. There's a striking level of appreciation you gain for everyday consumer electronics after working with modern nuclear reactivity systems astonishingly powered by computers from the 80s. When I'm not managing day-to-day activities and US review articles on Notebookcheck, you can catch me following the eSports scene and the latest gaming news.