Wearables Market Jumps 5.5% In Second Quarter
The global Wearables market continued to explode in the second quarter of 2018 as shipment volume reached 27.9 million units, a year-on-year rise of 5.5%, according to analyst IDC.
The market experienced similar gains in dollar value, growing 8.3% over the same quarter last year to US$4.8 billion, due largely to the ongoing and growing popularity of smart watches.
The emerging markets including the Asia-Pacific region, Central and Eastern Europe, Middle East and Africa, and Latin America, grew by a massive 14 per cent year-on-year thanks to the growth of wristbands and smartwatches.
Apple kept its position as the world’s top vendor thanks to strong ongoing demand for its LTE-enabled watch, especially in emerging markets.
Chinese vendor Xiaomi held second position and has diversified its product portfolio to include shoes, kid’s watches, and multiple variants of the Mi Band, each priced at the low end of the market.
It is also starting to gain traction outside its Chinese home market.
Fitbit, Huawei and Garmin maintained their positions in the top 5.