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Xiaomi dominates the wearable market

Xiaomi Mi Band 2 fitness tracker, Xiaomi leads the wearable market
Xiaomi Mi Band 2
With a 17.1 percent estimated market share in the second quarter, Xiaomi is now the leader of the wearable market, ahead of Fitbit and Apple, reveals a recent report by Strategy Analytics.

Xiaomi is apparently doing great these days in a market that had some issues a few years ago. Wearables sell better than in the past, and the Chinese brand is now the leader of this market for the first time, according to a fresh report by market research firm Strategy Analytics.

In the second quarter of this year, Xiaomi managed to ship 3.7 million wearables, accounting for 17.1 percent of the market. During the same period of 2016, the company only shipped 3 million units - a market share of 15 percent. Strategy Analytics' executive director Neil Mawston reveals that "Xiaomi's Mi Band fitness trackers are wildly popular in China, due to their highly competitive pricing and rich features such as heart-rate monitors, step-counters, and calendar alerts."

Fitbit dropped from 28.5 percent to just 15.7 percent since 2016, while Apple managed to grow from 9 percent to 13 percent in the same time frame. Thanks to the increased demand in cheap fitness bands in China and premium smartwatches in the US, the wearable market grew in the second quarter to 21.6 million, 8 percent more than the 20 million units shipped in Q1 2017.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 08 > Xiaomi dominates the wearable market
Codrut Nistor, 2017-08- 4 (Update: 2017-08- 4)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.