Samsung ranks second in global smartwatch market in Q1

The Galaxy Watch Active is a fitness focused smartwatch while the Galaxy Buds are true wireless earbuds that come with a case that you can charge wirelessly. — Picture courtesy of Samsung via SoyaCincau
The Galaxy Watch Active is a fitness focused smartwatch while the Galaxy Buds are true wireless earbuds that come with a case that you can charge wirelessly. — Picture courtesy of Samsung via SoyaCincau

SEOUL, May 7 — Samsung Electronics Co was the second-largest vendor of smartwatches in the first quarter of the year, an industry report showed today, amid rising popularity of the wearable device, according to Yonhap News Agency. 

Samsung, which makes the Galaxy Watch, shipped 1.9 million smartwatches in the January-March period, up from 1.7 million a year earlier, according to data from market tracker Strategy Analytics. 

But its market share declined slightly from 14.9 per cent to 13.9 per cent over the cited period.

“Samsung remains the world’s number two smartwatch vendor, but its growth was slowed by the coronavirus lockdown at home in South Korea and renewed competition from hungry competitors like Garmin,” said Steven Waltzer, a senior analyst at Strategy Analytics. 

Its archrival Apple Inc. continued to expand its dominant presence in the smartwatch market. The American tech titan shipped 7.6 million units of the Apple Watch in the first three months of the year, up from 6.2 million units a year earlier, according to the data. Its market share increased from 54.4 percent to 55.5 percent. 

Another U.S.-based firm, Garmin Ltd., came in third place with an 8 percent market share after shipping 1.1 million smartwatches. 

Despite the novel coronavirus pandemic, global smartwatch shipments grew 20 per cent on-year to 14 million units in the first quarter, Strategy Analytics said. However, it predicted that the shipments would decline in the second quarter. — Bernama

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