IDC’s latest market share data show that smart phones are not the only market dominated by Chinese enterprises. Xiaomi and Huawei have attracted the attention of the industry on wearable devices. Both companies experienced huge growth in wearable devices in the fourth quarter of 2018 and are likely to swallow apple in the next year.
IDC said in its report, “the market for wearable devices with earrings has increased significantly in the past year, and we expect this situation to continue to grow in the next few years.” at the same time, smart watches increased by 54.3%, accounting for 29.8% of all wearable device shipments in 2018. “
According to IDC, hardware manufacturers shipped 172.2 million wearable devices in the fourth quarter of 2018, a year-on-year increase of 27.5%. Smart watches accounted for 55.2% of wearable devices, followed by smart bracelets (30%) and Earrings (22%).
Apple, which sold 16.2 million wearable devices, maintained the first place in the market, accounting for 27.4% of the market share. However, due to the strong growth of two Chinese companies, Xiaomi and Huawei, Apple’s overall market share is lower than 29.6% in the same period last year.
Xiaomi’s market share increased by 43.3%, ranking second in this quarter, with sales reaching 7.5 million units. Huawei increased by a staggering 248.5% to 5.7 million units, and is expected to win the third place. The company didn’t even enter the top five a year ago.
IDC pointed out that Xiaomi remains strong in China, the country of origin, and its recent investment in Europe and other Asian countries has also paid off, consolidating Xiaomi’s competitiveness. Huawei occupies an important position in the wearable device and smartphone market. In addition to the seamless connection of several Huawei smartphones to wearable devices, the introduction of new products also helps it achieve growth momentum.
Fitbit ranked fourth with 5.55 million units, while Samsung ranked top five with 4 million units.