Apple, Samsung, Xiaomi Helped Wearables Market Grow in Q1 2020 Amid COVID-19 Crisis

The wearable market saw steady growth in the first quarter of 2020, an increase of 29.7 percent year on year, according to the latest research from International Data Corporation (IDC). The hearables segment, in particular, seemed to have not been impacted by the COVID-19 pandemic and grew  68.3 percent in the first quarter of 2020. Apple continues to rank the largest in the wearable segment with a market share of 29.3 percent, and the company shipped 2.12 crore wearable units in total. This includes the Apple Watch lineup, the Beats range, and the AirPods lineup as well.

IDC says a total of 7.26 crore wearable units were shipped during the first quarter of 2020, a significant increase from 5.6 crore units shipped during the same period last year. The wristband category grew by 16.2 percent, while the hearables segment grew by 68.3 percent. Because of this increase, the research firm claims that the hearables segment now accounts for 54.9 percent of the global wearables market shipments.

As we mentioned, Apple managed to get first place again in the wearable segment with 29.3 percent of the market share. Xiaomi ranked second, having shipped 1.01 crore wearable devices in Q1 2020, raking in 14 percent of the market share. Samsung and Huawei grabbed 11.9 percent and 11.1 percent of the market share, respectively.

Source: Gadgets.ndtv

Also Read: Microsoft plans to invest $2 billion in Jio Platform