City
Epaper

Samsung second in global smartwatch market in Q1, Apple leads

By IANS | Updated: May 10, 2020 10:50 IST

Samsung Electronics became the second-largest vendor of smartwatches in the first quarter of the year, amid rising popularity of ...

Open in App

Samsung Electronics became the second-largest vendor of smartwatches in the first quarter of the year, amid rising popularity of the wearable device.

Samsung, which makes the Galaxy Watch, shipped 1.9 million smartwatches in the January-March period, up from 1.7 million a year earlier, according to data from market research firm Strategy Analytics.

However, its market share declined slightly from 14.9 per cent to 13.9 per cent over the cited period.

"Samsung remains the world's number two smartwatch vendor, but its growth was slowed by the coronavirus lockdown at home in South Korea and renewed competition from hungry competitors like Garmin," said Steven Waltzer, senior analyst at Strategy Analytics.

Apple continued to expand its dominant presence in the smartwatch market.

The tech giant shipped 7.6 million units of the Apple Watch in the first three months of the year, up from 6.2 million units a year earlier.

Its market share also increased from 54.4 per cent to 55.5 per cent.

Garmin was third with an 8 per cent market share after shipping 1.1 million smartwatches.

Despite the novel coronavirus pandemic, global smartwatch shipments grew 20 per cent on-year to 14 million units in the first quarter.

However, it is predicted that the shipments would decline in the second quarter.

"Sales in Europe and the US have inevitably been hit by the virus lockdown in recent months," said Woody Oh, director at Strategy Analytics.

( With inputs from IANS )

Tags: Steven waltzerWoody ohsamsungSamsung Electronics
Open in App

Related Stories

TechnologyHan Jong-hee Passes Away at 63: Samsung Electronics Vice Chairman Dies of Heart Attack

Social ViralVrindavan Monkey Exchanges Samsung Phone for Mango Drink, Hilarious Video Goes Viral (Watch Video)

TechnologySamsung Layoffs: Electronic Giant to Cut Thousands of Jobs Worldwide Amid Struggles in AI Market

TechnologyIndia’s Smartphone Market Flat in 2023, Apple Surpasses 10-Million-Unit Mark

TechnologySamsung Galaxy S24 Series Pre-Booking Begins for Locally Manufactured Models in India - See Specification

Technology Realted Stories

TechnologyED detains BluSmart co-founder Puneet Jaggi in FEMA case

TechnologyTech Mahindra headcount drops by 1,757 in Q4

TechnologyCentre extends financial aid to indigenous indoor air purification solution

TechnologyIndia to soon launch safety assessment rating for trucks and heavy vehicles: Nitin Gadkari

TechnologyBroadband subscribers stand at 944.04 million in Feb, tele-density up: TRAI