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Apple grabs top spot in global wearbales market, says IDC report

June 06, 2018

According to International Data Corporation’s (IDC), ‘Worldwide Quarterly Wearable Device Tracker’ report, Apple has grabbed the top spot in the global wearables market with a market share of 16.1 per cent in the quarter ended March 2018. Apple shipped a total of four million units during the quarter.

Apple Watch shipments grew 13.5 per cent year-on-year as the launch of a cellular-connected watch entered additional markets even as the wearable device shipments slowed down.

Worldwide wearable devices shipments grew 1.2 per cent in the first quarter of 2018 as shipments reached 25.1 million units. The growth was far lower than the 18 per cent YoY growth in the past year, largely due to the 9.2 per cent decline in shipments of basic wearables. During the same period, smart wearables by Apple, Fitbit and numerous fashion brands grew 28.4 per cent as consumer preferences continued to shift towards smarter devices.

Xiaomi grabbed the second position with 14.8 per cent share of unit shipments. However, with the lowest average selling price among the top five companies, Xiaomi was only able to capture 1.8 per cent of the dollar value of the market during this quarter. Fitbit ranked third during this quarter, despite a decline of 28.1 per cent and Huawei stood fourth with 1.3 million shipments and five per cent market share, followed by Garmin.

 
 

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