According to the latest report from Tactic Analytics, the smartwatch sector grew by 20% in Q1 in contrast to the similar interval previous calendar year with an approximated 14 million units delivered.
Apple was at the time yet again the most dominant brand in the phase with its 7.6 million shipments and 55% sector share. Coming at a distant second is Samsung with 1.9 million shipments, tightly followed by Garmin with 1.1 million which saw a 38% maximize in shipments when compared to past 12 months.
Apple, Samsung, Garmin and Fossil all managed to boost their revenue during the interval. Samsung’s market place share on the other hand declined from 14.9 to 13.9% due in big by the COVID-19 lockdown in its residence current market of South Korea.
Despite the powerful overall performance this quarter, analysts assume shipments to drop short-time period in Q2 but once once again get well in the 2nd half of the yr.