Despite the wearables market seeing a decline in 2020 due to the Coronavirus pandemic, the Apple Watch is still seeing great sales. According to a Counterpoint Research report, the wearable is dominating the global smartwatch market for 2020.
The Cupertino based giant’s wearables have dominated the market, especially its latest Apple Watch Series 5. According to the report, the Apple Watch series accounted for an estimated 51.4 percent of global smartwatch market revenue during the first half of 2020. In other words, the company’s offering alone accounted for more than half of the entire market.
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Furthermore, no other OEM came even close to Apple’s dominance, with Garmin and Huawei products arrived in second and third with 9.4 percent and 8.3 percent respectively. In other words, the iPhone maker had a commanding lead through the first half of this year. While the viral outbreak did slow the industry down, the global smartwatch market still saw a 20 percent year on year growth and is expected to grow even further in the near future.
We had previously reported on the market which was said to double by 2024, and Apple might have a big role in it. Counterpoint Research estimated that a total of 42 million smartwatches were shipped in the first half of 2020. Notably, the company’s Apple Watch sales also grew in Europe and North America by 22 percent, with the Apple Watch Series 5 being the best selling smartwatch during this period of time.
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