Huawei the company that launched Watch GT 2, GT 2e & Band 4 Pro in the recent few months are now enjoying the big slice of shares in the home country. The report from IDC released new data for the Chinese wearable market and its changing positions in the Q1 2020. The data reveals the home giant Huawei has dominated the wearable market in the first quarter with 24.3% market shares. The company has sold 4.282 million units, thanks to Watch GT 2. Another Chinese company Xiaomi is in second place with 23.5% market shares with 4.144 million units of shipments.
Apple is the only player from overseas that entered into the top five list. Apple has grabbed 16.2% market shares with 2.848 unit shipments in the same quarter. Apple & Garmin is the only overseas companies that have positive growth. Samsung, Fitbit, Fossil & other companies have witnessed negative growth. LifeSense & BBK Electronics are on the fourth & fifth places with 4.5% & 4.3% market shares. Both companies have sold 785K & 765K units respectively.
In the same period, Huawei has seen the growth of 111.9% YoY and Xioami has grown 189.5% shares. It is the best growth for both companies as the Huami & Garmin has decreased by -71.6% & -16.1% respectively. Xiaomi has launched its new Mi band 5 in China and as per its popularity, we think it will boost shares of the company for the current quarter and the upcoming quarters of this year.