Market wearable noted huge growth

Market wearable noted huge growth

In the first quarter of this year it has sold 4.2 million units, compared with 1.3 million units in the corresponding quarter last year. The number, however, represents a decrease of 48% compared to the fourth quarter of 2015, when the segment saw 8.1 million units globally, thanks to the extraordinary success of the holiday season.

Although the smart watch more fighting for the loyalty of customers, this segment is reportedly making progress better than ever before. According to the latest report from Strategy Analytics, the market has grown by as much as 223% on an annualized basis in the first three months of this year.

Market wearable noted huge growth

In the first quarter of this year it has sold 4.2 million units, compared with 1.3 million units in the corresponding quarter last year. The number, however, represents a decrease of 48% compared to the fourth quarter of 2015, when the segment saw 8.1 million units globally, thanks to the extraordinary success of the holiday season.

Market wearable noted huge growth

The report said that Apple and Samsung continue to dominate the sector are divided to two-thirds of the market between them. While Apple occupy about 52.4% of the world market, the Samsung received only 14.3% of global market share of smart watches, leaving companies LG, Sony, Motorola and Huawei battle for the remaining third of the market.

But despite this, Samsung and Apple’s, however, suffered a significant loss of market share in the last quarter of last year. While Apple took 63% market share in the fourth quarter of 2015, Samsung company has had about 16%.

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