- Samsung's market share fell from 14.9 percent to 13.9 percent in the first quarter.
- During this period, Apple's market share increased from 54.4 percent to 55.5 percent.
May 10, 2020, 04:38 PM IST
Seoul Amidst the growing popularity of wearable devices, Samsung Electronics has become the world's second largest smartwatch vendor in the first quarter of the year. According to a report by market research firm Strategy Analytics, Samsung shipped 1.9 million (ie 1.9 million) smartwatches during January-March, which is higher than the previous year. In the first quarter of 2019, the company made a shipment of 1.7 million smartwatches. However, the market share fell from 14.9 per cent to 13.9 per cent during this period.
Steven Waltzer, senior analytics at Strategy Analytics, said Samsung is the world's second-largest smartwatch seller, but its growth slowed due to a coronovirus lockdown in the domestic market, ie South Korea, and renewed competition from competitors such as Garmin Have given.
Apple with 76 lakh units in first place
However, Apple held the number one position during this period. Tech company Apple shipped 76 lakh smartwatches from January to March. Whereas in the first quarter last year, Apple shipped 62 lakh units. Its market share has increased from 54.4 per cent to 55.5 per cent.
Gramin with 11 lakh units in third place
Gramin ranked third in the list with 8 percent market share. The company shipped 1.1 million smartwatches in the first quarter of the year.
Data report may fall in second quarter
Global smartwatch shipments grew by 20 percent to 1.4 million units in the first quarter despite the Coronavir epidemic. However, shipments are expected to decline in the second quarter. Sales in Europe and the UK have been significantly affected by the lockdown.