Fitbit Paces Wearables marketplace, Xiaomi Edges past Apple to Take second: IDC

Fitbit Paces Wearables Market, Xiaomi Edges Past Apple to Take Second: IDC

HIGHLIGHTS
Fitbit held onto first place with a 24.five percent market share.
Xiaomi took 2d place with a line of inexpensive fitness trackers.
Apple become leading seller of smartwatches with a forty six percentage marketplace proportion.
The market for related wearable devices jumped in early 2016, led by fitness tracker maker Fitbit, whilechinese language organization Xiaomi raced past Apple to 2nd area, a survey showed Monday.

international sales of wearables a wide category that includes fitness bands, smartwatches and relatedgarb, shoes and fitness devices rose 67.2 percent inside the first quarter compared with a year earlier.

The market slowed from a fair hotter tempo in late 2015, while wearables had been up 126 percentage. IDC cited a “seasonal retrenchment” from the sturdy holiday sales.

Fitbit held onto first area with a 24.5 percent market proportion, but its sales growth of 25 percentchanged into slower than the general marketplace.

Xiaomi jumped into second area with an elevated line of cheaper fitness trackers and a new kids‘ watch toassist parents music their children, but IDC said maximum of its sales had been in the chinese market.

Apple turned into 0.33 with predicted sales of its smartwatch of 1.5 million. although Apple does now notlaunch legitimate income figures, IDC estimated the organization sold 4.1 million Apple Watches inside the fourth region of 2015.

according to IDC, Apple was the leading seller of smartwatches with a forty six percentage marketplacepercentage, properly in advance of 2darea Samsung at 20.9 percentage.

IDC said wearables are developing into submarkets: simple singlecharacteristic devices like healthtrackers and multi-characteristic devices such as smartwatches.

there may be a clean bifurcation and boom within the wearables market,” stated IDC analyst Jitesh Ubrani.

smart watches try and offer holistic stories with the aid of being everything to all and sundry, even asprimary wearables like health bands, linked garb, or hearables have a focused method and often providespecialized use cases.”

Ubrani said these gadgets are not necessarily in opposition with every different.

proper now, we see both as critical to extend the general market,” he said.

“The particular characteristic units blended with enormous differences in fee and performance setseach category apart, and leaves masses of room for each to grow over the next few years.”

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Tags: Android, Apple, Fitbit, IDC, Samsung, Wearables, Xiaomi