Xiaomi leads Wearables market share in Q1 2017

IDC has also released its quarterly results for wearables, and Fitbit has now lost its dominance to emerging smart gear from Chinese brand Xiaomi.

According to the latest Q1 2017 IDC figures, Fitbit has lost a chunk of its market share over the quarter by 38% when compared to the same period last year, attributing to the fact that the company is still focused on the U.S., a market that is quickly approaching saturation for fitness trackers, not to mention that they still lack a smartwatch which most are not hopping onto these days.

Xiaomi also declined 3.3% but is still able to manage its wearables shipments at 3.6 million, with IDC citing inexpensive fitness trackers that still dominate its home market. They now

Apple gains a lot compared to last year, posting a 64.4% growth from the same period last year. IDC attributes the gain to sustained demand for its Apple Watch Series 1 and 2 wearables and recorded the second highest year-over-year growth among the leading companies. Apple also overtook Fitbit to become second place, with Fitbit now placing third.

Samsung and Garmin complete the top five companies for Q1 2017.

Via VentureBeat