Xiaomi and Apple have been dominating the smart wearable market for consecutive quarters starting from last year. The report for Q2 2017 showed Xiaomi led the market, relegating Apple to second place. Research firm Canalys has now released its own report of the smart wearable market for Q1 2018. The report showed Apple dominated the market with an estimated 3.8 million while Xiaomi came in second with a total shipment of 3.7 million.
According to the report, Apple’s shipments got a big boost from the Watch Series 3 and the addition of LTE. On its part, 90% of Xiaomi’s shipments were for the Mi Band models especially the Mi Band 2. Other players in the top 5 include Fitbit, Garmin and Huawei.
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On the whole, the wearable market grew by 35% when compared to the first quarter of last year. A total of 20.5 million wearables were shipped by all the market players. Although more wearable band units were sold, 80% of the revenue accrued to the market is from smartwatches. That means despite the closeness of Xiaomi’s gross shipment to that of Apple, the revenue will be nowhere near each other. Apple also led the smartwatch market while Garmin came in second with 1 million shipments. Unfortunately, Canalys did not reveal the revenue accrued to each manufacturer.
(source)
