According to the data released by IDC, Xiaomi is still leading the Chinese wearables market in the first quarter of this year and is being closely followed by Huawei.
The report reveals that in Q1 2019, Xiaomi managed to ship more than 19.5 million units of its wearable devices, registering a year-on-year increase of 34.7 percent. The sales of basic wearable devices, which does not support third-party apps, grew 25.5 percent while smart wearable devices grew 84.6 percent YoY.
The data revealed by IDC states the top five companies in China in terms of wearable devices market are Xiaomi, Huawei, Apple, BBK, and Wuzhou Wireless, with a market share of 21.9%, 18.5%, 10.2%, 7.4%, and 2.5% respectively.
The report attributes Xiaomi’s success to the company’s lineup of cost-effective earphones and the popularity of the Xiaomi’s Mi Band fitness tracker even in the overseas market. On the other hand, Apple is relying on its newly released AirPods and Beats series.
While Xiaomi is dominating the Chinese wearable devices market, the interesting thing in this report by IDC is the growth of Huawei. As per the report, Huawei’s shipment in this segment increased by a massive 214 percent compared to the same period last year.
The primary reason behind such massive growth of Huawei is believed to the launch of several wearable devices, including TalkBank B5, Honor Band 4, and Watch GT among others. Also, the sales of Huawei FreeBuds and Honor FlyPods also helped the company grow its market share in China.
Xiaomi has today launched its next-generation fitness tracker — Mi Band 4. It comes with a 39.9% bigger display compared to its predecessor and is now using AMOLED color screen with 2.5D scratch-resistant tempered glass on the top. It also supports Xiao AI voice assistant which can be used for controlling Xiaomi’s IoT products.
It also comes with the ability to make NFC payments. It is water resistant up to 5ATM and comes with an upgraded 6-axis high-precision sensor to track various activities. The non-NFC model costs 169 yuan (~$25) while the NFC model is priced at 229 yuan (~$33).
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(Via)
