Apple continues to dominate the wearable market in North America, with Canalys analysts revealing that Apple Watch has helped boost Apple’s fourth-quarter shipments by 32 percent compared to the same period last year.
The wearables, home and accessories sector saw significant year-on-year growth in revenue in Apple’s financial results, with revenues rising from $ 3.73 billion in the third quarter of 2018 to $ 5.53 billion in the third quarter of 2019.
Apple’s smartwatch is likely to be a major contributor to this success, Canalys figures indicate that the success of the wearable is significant when placed in the context of the rest of the market. The company does not disclose the shipping details of its products, and the details of its smart watch are hidden because its revenue is included in the wearable devices; home; and accessories in the company’s profits.
According to the data, the wearable device market in North America in the second quarter of 2019 alone generated revenue of $ 2 billion.
Fitbit was second with 1.9 million shipments, a 24.1 percent market share and 18 percent annual growth.
Samsung saw a remarkable growth of 121 percent, with shipments rising from 0.4 million to 0.8 million, and the South Korean company ranked third with a market share of 10.6 percent from 6.7 percent.
Garmin saw 15 percent growth in shipments reaching 500,000 units, and a market share of 7 percent, while Fossil enjoyed a 34 percent growth and 300,000 shipments, giving it a 4.1 percent market share.
The company is poised to strengthen its leading position by including aggregated health data, which can reveal new trends and insights, both for consumers and for the wider healthcare system.
Source : Canalys