Apple Watch Lost 13% Market Shares in Q1 2020

In this year, the growth for smartwatches is at its peak, and many smartwatch makers have gained market shares. The new study by Canalys has announced, and the data shows some shocking changes. The king of smartwatches Apple has lost 13% market shares in the first quarter of 2020. It is the first time Apple Watch had witnessed such a fell in the smartwatch shares. In the total shipment, Apple has shipped 5.2 million units compared to 6.0 million in the same quarter of 2019. The overall market of Apple Watch shrinks to 36.3% from 46.7% from last year.

The biggest gainer in the list is Huawei, which has grabbed 113% growth and enjoying 14.9% market shares. It has beat Samsung, Garmin, Apple & Fitbit, which we know for the most prominent players in the wearable market. Samsung has grown 46% in the same period, with 12.4% market shares. Thanks to the new Galaxy Watch Active 2, Samsung showed steady growth. Garmin now a recognizable player on the list. It has sliced 7.3% shares for itself with 39% market gain. Once the leader of smartwatches, the Fitbit has again slipped by 24%. Now in the industry, Fitbit has 6.2% shares.

Smartwatch Market Shares

Apple & Fitbit is the only big players that went into negative growth. The other three Samsung, Huawei & Garmin are going in upward trends. The other smartwatch companies are playing in the remaining 22.8% shares. Huami is in the remaining company, which has grabbed the number of shares with the low budget prices for the Amazfit lineup. Which smartwatch are you using? Tell us in the comment section below.