The above graph represents the worldwide wearables shipments by top vendors, by quarter, starting from CY Q1 2014 to the recently completed quarter. The global wearable devices shipments increased an appreciable 29.7% YoY in Q1 2020, to 72.6 million. However, it’s a huge 38.9% decline from the previous quarter, when the vendors shipped a record 118.9 million devices worldwide. Apple, Xiaomi and Samsung are currently dominating the global wearable market, according to IDC.
|Note||IDC revised prior quarters’ data|
With an appreciable 29.3% share, Apple is currently leading the wearable market, mainly due to the growing popularity of the Apple Watch, AirPods, and Beats headphones. The company shipped 21.2 million units of wearable devices during the first quarter of 2020, representing a strong 59.9% YoY growth.
Stands at second, Xiaomi is holding 14% of the worldwide wearable market as of March 2020. The company recorded a whopping 56.4% YoY growth in its shipments, totaling 10.1 million units in Q1 2020. The expansion outside China and a shift in distribution from etailers to online and offline retailers has helped the company maintain the third spot.
Samsung is the world’s third-largest wearable company in terms of shipments and market share. Its latest generation of Galaxy Buds and Buds+ helped the company to capture 11.9% of the market. The company shipped 8.6 million units of wearable devices in Q1 2020, marking 71.7% YoY growth.
Huawei surprised everyone; despite political challenges, it secured the fourth spot in the worldwide wearable market. The global shipments of Huawei wearables grew 62.2% year over year, to 8.1 million in Q1 2020.
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