Apple Watch Takes Global Wearables Lead over Fitbit in Q1 2017

Remigio Civitarese
Mag 10, 2017

Meanwhile, Fitbit announced Wednesday that its sold 3 million devices in the first quarter.

In its earnings report on Tuesday, Apple said that Apple Watch sales almost doubled in its second fiscal quarter ended in March, although the company did not provide absolute numbers.

Apple has jumped in the area of connected objects and took the first place thanks to its smartwatch, according to a study published Thursday. In Q1 2017, the company shipped 2.9 million devices compared to 4.5 million wearables in the same quarter a year ago. That's probably why Xiaomi's total shipments almost doubled year-over-year to 5.2 million during the fourth quarter, and why its market share rose over six percentage points to 15.2%.

But analysts warned that the company which once dominated the wearable market may have already peaked. Had it been able to even stay flat at Q1 2016's 4.5 million units, Fitbit would have remained on top.

Apple Watch
Apple Watch Takes Global Wearables Lead over Fitbit in Q1 2017

Strategy Analytics' latest report on the state of the global wearables market found that Apple's marketshare has expanded rapidly from past year, with a 3.8 percent spike from 12.1 percent in Q1 2016 to 15.9 percent in 2017.

Neil Mawston, Executive Director at Strategy Analytics, said, "Apple shipped 3.5 million wearables worldwide in Q1 2017, rising 59% annually from 2.2 million units in Q1 2016". With that said, Apple has overtaken Fitbit to become the world's largest wearable vendor. (NASDAQ:AAPL) is not only decisively leading the smartwatch category, but surging Apple Watch sales have pushed it to top spot in overall wearable sales. This means that sales of smartwatches have superseded sales of fitness bands this quarter. So it is a matter of regaining the leadership for the Cupertino based tech giant. Fitbit's shipments, revenue, pricing and profit are all shrinking. Apple Watch is a ideal example, and Apple's product design and marketing has gone a long way towards propelling the company's device above Fitbit. The Chinese company makes both smartwatches and fitness bands. So, let's dive in to see some more details on the sales figures and where does Apple stand in the wearable industry at the moment.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Fitbit wasn't one of them!

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE