Apple Ships 3.5 Million Watch Units Globally In Q2 2018, Maintaining The Lead In The Market
Apple has shipped 3.5 million smartwatches, shrugging off Fitbit and Garmin, to maintain its lead in the market In the second quarter of 2018.
According to a report by Canalys, as compared to Q2 2017, Apple increased the number of smartwatches it shipped by 30 percent. A total of 10 million number of smartwatches were shipped in this period.
Thanks to companies like Fitbit and Garmin, which now have a diversified portfolio of smartwatches, Apple’s share of the smartwatch market fell to 34 percent from 43 percent in Q1, 2018.
A previous Canalys report, Apple managed to top 18 million watch shipments in 2017, which was a 54 percent growth over 2016 figures.
Apple Watch 3 LTE version was a massive success in Asian markets. Apple Watch Series 3 with cellular connectivity was also the best-shipping smartwatch in Asia in Q2, 2018.
Apple Watch Series 3 drove a significant part of the growth for the watch segment with just under 9 million shipments for the new model.
The report warns Apple against the foreseen competition from Google and Samsung as both the companies are all set to launch their smartwatches within the near future — Google Pixel Watch and Samsung’s Galaxy Watch.
The report states that Apple’s share of the smartwatch market fell to 34 percent from 43 percent since the first quarter of 2018. The report attributes this decline to Fitbit and Garmin’s increase in sales during the quarter.
Apple Watch’s shipment to Asia (excluding China) exceeded 2,50,000 units, with 60 percent of those being the LTE variant.
The company’s smartphone shipment has grown, Apple’s market share has reportedly declined. As per the report, the Apple Watch Series 3 cellular variant has been the best shipping smartwatch in Asia in Q2 2018.