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Apple takes the global Smartwatch market with a 51% stake in the Q4 of 2018



Apple sent 9.2 million smartwatches worldwide in Q4 2018 – up 18 percent from 7.8 million units in Q4 2017.

IANS

Updated:February 28, 2019, 5:28 p.m. IST

Apple takes the global Smartwatch market with a 51% stake in the Q4 of 2018
Apple takes the global Smartwatch market with a 51% stake in the Q4 of 2018

Apple has captured 51 percent of a record 18 million shipments of smart watches worldwide in the fourth quarter of 2018, according to a new report. Global shipments of smart watches reached a record high of 45 million units in 2018, according to the Strategy Analytics market research firm on Wednesday. Apple sent 9.2 million smartwatches worldwide in Q4 2018 – up 18 percent from 7.8 million units in Q4 2017.

Second, Samsung has sent 2.4 million smartwatches globally and captured 13 percent global stake, rising strongly from five percent market share a year ago. "Apple's smartwatch world market share dropped 51 percent this quarter, up 67 percent a year ago. Apple Watch is losing its market share for Samsung and Fitbit, whose rival smartwatch portfolios and retail presence have significantly improved Last year, "said Neil Mawston, executive director of Strategy Analytics.

Fitbit has captured 13 percent of the global market share of smart watches in Q4 2018, tripling from four percent in Q4 2017. "Combined together, Apple, Samsung, Fitbit and Garmin are the four big players, representing 8 of each 10 smartwatches sent around the world, "Mawston added. According to Steven Waltzer, industry analyst at Strategy Analytics, Samsung is once again the world's second-largest brand of smart watches.
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"His new Galaxy Watch was very popular in North America and Asia," he added. "The growth of Smartwatch is growing, as consumers seek to access their smartphones and bring digital connectivity to their wrists," he added.


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