Apple Inc. Continues To Dominate The Wearables Market (AAPL)

Jun 09, 2017, 02:51
Apple Inc. Continues To Dominate The Wearables Market (AAPL)

Companies shipped a total of 24.7 million wearable devices during the first quarter of 2017, up 17.9 percent from 20.9 million units shipped during the same period a year ago.

But, the IDC report goes on to suggest that the complete wearable ranking has been shuffled due to a sudden shift in the ideology of the consumers as well.

Xiaomi, which started 2017 as the co-leader of the wearables market alongside Apple after spending several years as the number two or three company, has shipped more than 96 percent of - mainly fitness tracking wristbands - in China. Apple's shipments rose by 64 per cent in the first quarter, while Xiaomi slipped by 3.3 per cent. But while Xiaomi sells mostly low-priced fitness bands, Apple sells premium smartwatches branded as Apple Watch.

Xiaomi and Apple have supplanted Fitbit, the next question is whether they will be able to maintain their position. The fitness band maker has found itself in the said position because of the ongoing change that Fitbit has decided should be undertaken to establish itself as a prominent player in the wearable ecosystem. The fitness tracker manufacturer is thus expected to have an easier time with entering new markets than the majority of its competitors, which bodes well for its long-term prospects.

"The market is arguably still in the first phase of development, where companies are focused on seeding wearables into the market", IDC analyst Jitesh Ubrani said in a news release.

Both Xiaomi and Apple have gained from Fitbit's losses, jumping up the ranks to share the top slot.

Apple was already dominating the smartwatch market and this gave the Cupertino giant another opportunity to maintain a sustained demand for Apple Watches.

Apple and Xiaomi each shipped 3.6 million wearables worldwide in the first quarter, IDC said. Samsung almost doubled its wearables volumes to 1.4 million units for a 5.5% share in the first quarter, driven by its Gear S3 Frontier and Classic smartwatches. Llamas, however, continues to mention that Fitbit is not completely dead and could soon make a splashing return to the wearable market.

Even though Fitbit is now on a noticeable decline, IDC believes that the company may improve its performance in the future due to its massive user base that's approximately 50 million strong, in addition to its focus on the corporate wellness segment that's believed to be extremely sustainable.

YOU MIGHT ALSO LIKE
  • Existing climate efforts expected to keep US goals on track

    Existing climate efforts expected to keep US goals on track

    Ige says Hawaii is the first state to enact legislation implementing parts of the Paris climate agreement. Hawaii has passed a law to document sea level rise and set strategies to reduce greenhouse gas emissions.
    Canelo-GGG will be in Las Vegas

    Canelo-GGG will be in Las Vegas

    Canelo Alvarez and Gennady Golovkin are set to slug it out in one of the most famous cities for boxing in the world: Las Vegas. Ticket information will be announced in the coming days, according to the news release.

    Warriors vs. Cavs NBA Finals preview: Q&A with Fear the Sword

    He's playing at an MVP level this postseason, and if he continues to do so, the Cavaliers have a great opportunity to repeat. Story line: The Warriors and Cavaliers make NBA history by becoming the first teams to meet in three straight NBA Finals .
  • WWDC 2017: macOS High Sierra announced

    WWDC 2017: macOS High Sierra announced

    Except, instead of unveiling an all-new version with its own name, Apple announced it simply chose to refine and ideal Sierra . Metal is also being made for external graphics and a new developer kit will make it easier to tune apps for Metal 2.

    Backed forces seize IS-held town near Syria's Raqqa

    The U.S. -backed coalition will support partner forces with air and artillery strikes throughout the operation, he added. The leaflets are written in Arabic and say the forces will be considered hostile if they don't immediately leave.
    India confirms three Zika virus cases

    India confirms three Zika virus cases

    Although, only three cases have been reported so far, Indian conditions are favourable for the outbreak of the disease. However, Indian government has said that there is no need to panic as all the three patients have now recovered.
  • Artem Lobov wonders if Floyd Mayweather really wants to fight Conor McGregor

    Artem Lobov wonders if Floyd Mayweather really wants to fight Conor McGregor

    He said: "When I was in Australia in April, a lot was made of the fact that I highlighted Mayweather's history of domestic violence during an interview".

    Climate decision could accelerate damage to Trump properties

    And the Paris climate agreement represents the best global effort yet to arrest the consequences of climate change. In the 10 years since, whatever uncertainty there was about climate change has been removed.

    Trump, Christie center stage in race they're not part of

    And she starts with a built-in disadvantage on the map: New Jersey has 2 million registered Democrats to 1.2 million Republicans. Trump's unpopularity. "This campaign - our campaign - is about making New Jersey affordable for everyone", Guadagno said.
  • Tillerson: Trump says look past turmoil and re-engage Russia

    Tillerson: Trump says look past turmoil and re-engage Russia

    Nevertheless, Tillerson said much of the US gains on the climate front came from non-treaty initiatives. Despite Trump's efforts, people in his inner circle continue with their Russophobic rhetoric.
    Cavs ignore last year's comeback after another 0-2 hole

    Cavs ignore last year's comeback after another 0-2 hole

    The Warriors won despite committing 20 turnovers, a stat that caught Kerr's eye. "There is a lot of work for us left to do". Golden State Warriors took a 2-0 lead in the NBA Finals with a dominant 132-113 victory over Cleveland Cavaliers .

    Predators beat Penguins 5-1, trail Cup Final 2-1

    Frederick Gaudreau skated into the high slot with no opposition and pumped a wrister by Murray for his second playoff goal. They outplayed the Penguins in the first two games in Pittsburgh , yet returned home down 2-0 after 5-3 and 4-1 defeats.
popular