Apple Watch Takes the Top Spot for Wearable Tech

08.05.2017

The Apple Watch has been ridiculed, labelled as a late appearance to an already crowded market and generally met with a lot of negative commentary. As is often the case with Apple, neither the company nor its consumers seem to care – the Apple Watch is now the number one wearable when it comes down to global shipments.

The stats for the first financial quarter 2017 according to Strategy Analysts, a company specialized in analyzing market shares, paint a pretty clear picture. With 15.9 percent of all worldwide shipments, Apple has claimed the first top for its spot. The analysts estimate that the company moved about 3.5 million smartwatches in Q1 of 2017. Fitbit, one of the companies that pioneered the smartwatch market finished third in the worldwide shipment race with 13.2%.

Just twelve months ago, Fitbit had the top spot by a mile. The company claimed 24.7% of the global market share for wearables back then, with Apple only managing 12.1%. Since then, Apple put out the Apple Watch 2 and managed to expand its shares significantly. 
Xiaomi is another company that lost a significant amount of its shares in the wearable market to the Apple Watch. In Q1 2016, the company had a share of about 20.9%, which has now shrunk to 15.5%. And while that decrease is not as big as the one of Fitbit, it was still enough to secure the first spot for Apple.

Even if Apple is having a good time with the Apple Watch, the market seems stagnant. The fact that other companies are losing so many of their shares is an indicator of that. If there’s just one company profiting from developing smartwatches, competition and innovation will slow down. What’s good news for Apple today, might be bad news for the wearable market in the future.
 
Source: http://mashable.com/2017/05/04/lunch-box-fancy-work-food/
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