The wearables market continues to grow and thrive, rising 7.7 percent year-over-year in the fourth quarter of 2017, with a total of 37.9 million wearables sold, according to IDC 35.2 million.
Apple ahead of Fitbit and Xiaomi
The biggest winner in the quest for favor from shoppers seems to be Apple in the wearables market. According to IDC, the company grew 57.5 percent. If you sold 5.1 million Apple Watches in the fourth quarter of 2016, there were already eight million units a year later. Now Apple comes to 21 percent market share (previously 14.4 percent).
Apple has also replaced Fitbit as number 1 in the wearables market. The former industry leader sold “only” 5.4 million devices and comes to 14.2 percent market share. A year earlier, there were still 6.5 million wearables and 18.5 percent market share.
Huawei’s biggest winner
Apple is now behind Chinese supplier Xiaomi. In Q4 2016, they were just behind. Xiaomi then sold 5.2 million devices and achieved 14.7 percent market share. One year later, the Chinese supplier sold only 4.9 million units and only 13 percent of the market.
The decline of 4.5 percent is also explained by the stronger competition. Huawei, for example, is one of the biggest winners. The company now sold 1.6 million wearables and gained 93.2 percent.
Apple 2017 Front
Apple’s strong Christmas quarter helped to outperform other manufacturers , The company from Cupertino was able to sell 17.7 million Apple Watch last year according to IDC and ranked ahead of Xiaomi with 15.7 million and Fitbit with 15.4 million. This is followed by Garmin with 6.3 million and fossil with 4.9 million.