The smart wearables market has been growing at a leisurely pace â€" it rose 8% year on year for a total of 21.6 million units shipped in the second quarter of 2017, both Canalys and Strategy Analyitcs claim.
Xiaomi beat out the competition to claim the top spot for the first time with 3.5-3.7 million units (Canalys) shipped. Fitbit experienced a significant 34% year-on-year slump to 3.3-3.4 million (SA) units. Fitbit’s market share fell nearly in half.
Apple, which held close to 50% of the market in 2016, is in third position with 2.7-2.8 million units shipped. Of course, Apple is focused on the premium Watch while both Xiaomi and Fitbit rely heavily on affordable fitness bands to reach those numbers. Apple’s numbers are almost double compared to the same quarter last year.
| Strategy Analytics | Canalys | ||
| Global Wearables Vendor Shipments (Millions of Units) | < td>Q2 16Q2 17 | Q2 17 | |
| Xiaomi | 3.0 | 3.7 | 3.5 |
| Fitbit | 5.7 | 3.4 | 3.3 |
| Apple | 1.8 | 2.8 | 2.7 |
| Others | 9.5 | 11.7 | |
| Total | 20.0 | 21.6 | |
| Global Wearables Vendor Marketshare % | Q2 16 | Q2 17 | |
| Xiaomi | 15.0% | 17.1% | |
| Fitbit | 28.5% | 15.7% | |
| Apple | 9.0% | 13.0% | |
| Others | 47.5% | 54.2% | |
| Total | 100.0% | 100.0% | |
| Total Growth YoY (%) | 21.2% | 8.0% | 8.0% |
Canalys analysts believe Apple will extend its lead thanks to smartwatches with built-in mobile connectivity . Cupertino is yet to release such a smartwatch, but the analysts think that the company’s strong ties with carriers will help push the next Apple Watch ahead of Android and Tizen watches that already have LTE connectivity. Strategy Analytics adds that enhanced health tracking will be another boon for the Watch Series 3.
Source 1 | Source 2
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