As health concerns spiked amid COVID-19, sales of smartwatches rose to 20% in 1st quarter of 2020; Apple Watch maintained its lead in global smartwatch market
New Delhi: Apple Watch continued to maintain its lead in the global smartwatch market with a 55% share in the first quarter of 2020, according to a report by research firm Strategy Analytics.
The overall smartwatch market is reported to have seen 20% growth annually — thanks to nearly 14 million units shipped in the first quarter of this year. After Apple, Samsung has managed to hold the second position, while Garmin rose to third.
In the initial three months of this current year, global smartwatch shipments reached 13.7 million units, resisting an overall drop in customer electronic fields, for example, cellphones. Apple's share crept up a rating point to 55.5%, as indicated by Strategy Analytics.
The savvy watches by Apple are supposedly one of the significant development drivers for the US-based organisation, which on the other hand has stopped detailing the quarterly iPhone shipments as the smartphone market matures.
Strategy Analytics expects worldwide smartwatch shipments to slow in the second quarter of 2020 because of the pandemic, yet would recuperate during the second half of the year, as stores revive and many customers go to smartwatches to assist them with health monitoring.