New facts published by Canalys, a market research firm state that Xiaomi continues to dominate the wearable device market globally in Q3 2019. Apple ranked second of the wearable market and Huawei managed to secure the third spot.
Overall, the Xiaomi wearable band shipments grew by a whopping 65 percent as compared to previous years Q3. The company currently owns 27 percent of the wearables market share with 74 percent growth in the following year. This is the company’s highest growth since 2015.
The success of Mi Band is because of Mi’s strategy of selling highly featured products at competitive prices. As a result the Company shipped a total of 12.2 million products in Q3 2019.
Apple, on the other hand, owns 15 percent of the market share. Out of the total Apple shipments, 60 percent were thanks to the newest Apple Watch Series 5. The Cupertino had also cut the price of Apple Watch Series 3 to $199, which also played an important role. The Company has recorded its highest year over year growth as compared to 2017. As far as the American market is concerned, it was dominated by Apple.
Ranking third is Huawei, with a 13 percent market share and an impressive 243 percent year over year growth. It shipped a total of 5.9 million units in Q3 2019. This massive growth in Huawei’s wearables shipment is thanks to higher sales in the local market.
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