International Data Corporation (IDC), the well-known market research company, has published its Q1 2016 stats specific to the promising worldwide wearable market. As it turns out, Xiaomi has taken the number two position only after the trailblazer Fitbit. Xiaomi also trumped Apple fair and square to take the second spot, making the iPhone-maker drop to third position.
Xiaomi apparently sold inexpensive fitness trackers with heart rate monitor in tow. To top it off, it also introduced kid’s watch that would help parents in keeping track of their children’s whereabouts. In any case, Xiaomi’s success comes exclusively from China.
Fitbit and Garmin have maintained their previous rankings of first and fourth, respectively. After a period of inactivity, Samsung has made it back to the top 5 rankings by placing it comfortably at the fifth position.
According to IDC, Samsung’s Gear S2 and Gear S2 Classic smartwatches helped the South Korean tech giant to make a comeback spectacularly. Not to forget, Samsung is already on cloud nine after the recent quarterly results announcement, thanks to the demand and sales of Galaxy S7 series.
However, readers should note that even though the overall wearable market has been growing gradually, the growth specific to Q1 2016 has reportedly slowed down, when compared to the quarter before.
The overall wearable market reportedly grew by 67.2 percent, thanks to the total shipment volume of 19.7 million units in Q1 2016. In comparison, the total shipment apparently stood at 11.8 million last year in the same time period.
"The good news is that the wearables market continues to mature and expand," IDC's Ramon Llamas said in a statement. "The wearables that we see today are several steps ahead of what we saw when this market began, increasingly taking their cues from form, function, and fashion. That keeps them relevant. The downside is that it is becoming a crowded market, and not everyone is guaranteed success."