Apple Watch Dominated Smartwatch Market with 48% Share in Q3, 2022
Standing its pb over competitors like Samsung and Fitbit, Apple Watch maintained outset position as its share in the global smartwatch market reached 48 per cent in the 3rd quarter of this year from 45 per cent in the same quarter last year, co-ordinate to a study by market research firm Strategy Analytics.
Global smartwatch shipments grew an impressive 42 per cent annually to attain 14 1000000 units in the tertiary quarter of 2019, said the report. "Apple shipped half-dozen.8 million smartwatches worldwide in Q3 2019, rising an above-average 51 per cent from 4.5 million in Q3 2018", Neil Mawston, Executive Director at Strategy Analytics, said in a statement. "Apple Lookout man continues to fend off strong competition from hungry rivals like Fitbit and Samsung. Apple Watch owns half the worldwide smartwatch marketplace and remains the clear industry leader", Mawston added.
Samsung held 2nd identify in the smartwatch market as its share jumped from 11 per cent to 13 per cent during the by year. The market share for Fitbit, which clung on to third position, fell to eleven per cent this quarter, downwards from 15 per cent a year ago.
"Samsung shipped one.ix million smartwatches worldwide in Q3 2019, nigh doubling from ane.1 million a year ago. Samsung's global smartwatch market share has jumped from 11 percent to 13 pct during the past year", said Steven Waltzer, Senior Annotator at Strategy Analytics. Samsung'south new models, such as Galaxy Watch Active 2, should enable the South Korean tech giant to improve its global smartwatch presence in Q4, Waltzer said.
Fitbit, which earlier this calendar month entered into an agreement to exist acquired by Google, shipped 1.half dozen million smartwatches worldwide in Q3 2019. "Fitbit continues to underperform the smartwatch industry average. Fitbit has struggled to compete with Apple Sentry at the higher cease of the smartwatch marketplace, while its latest Versa Lite model has struggled to excite consumers at the lower finish", Mawston said.
"Fitbit's recent takeover by Google volition exist a relief to the company, as Fitbit is under rising competitive pressure from Apple tree, Samsung, Garmin, Huawei, Xiaomi and others. The big question now on everyone's lips is what Google plans to do with Fitbit, and whether Google volition expand or contract Fitbit's famous hardware, operating system, and healthcare, sport and fettle services", Mawston added.
Source: https://beebom.com/apple-watch-dominated-smartwatch-market-share-2019/
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