Apple nudges out Xiaomi to retake global wearables lead

Apple nudges out Xiaomi to retake global wearables lead

The final entry in the top 5 is Samsung with 5% of the market.

Apple is once again on top in the wearable market for the past quarter, according to Canalys. Estimates from Canalys suggest that unit sales nearly hit 4 million for Apple Watch in the third quarter.

Apple's competitors, Xiaomi and Fitbit, trailed behind in Q3, shipping 3.6 million and 3.5 million wearables, respectively. For Q3 2017, Apple Watch sales account for a 23% share of the global wearables market.

Smartphone makers Huawei and Samsung also make their own series of smartwatches, some of which are created to rival the Apple Watch, but have had to contend with 6% and 5% share, respectively.

Q3 is traditionally the year's weakest period for wearable sales - since many consumer hold off on large ticket items until the Christmas period - but Canalys said the top vendors were all up on the previous quarter.

Despite the gains, overall wearable sales dropped by 2 percent in Q3 year-over-year to 17.3 million in unit sales. It must be noted that the Watch Series 3 was only on sale for the last ten days of the quarter ending September.

Offering a "tetherless" experience along with highlighting the health features of the app has surely worked in favor of the US firm.

The release of the company's third generation smartwatch has helped boost the company's fortunes. However, some of the markets got the LTE variant as well.

Canalys Analyst Jason Low stated for the report that "Strong demand for the LTE-enabled Apple Watch Series 3 has dispelled service providers' doubts about the cellular smartwatch not appealing to customers".

He looked at the time passed on his Apple Watch, and suddenly remembered that the thing can make voice calls on its own, so he called his family to let them know he will be late. The research firm believes that the carriers underestimated the demand for the cellular version. But Canalys is expecting a "stronger" fourth quarter as vendors roll out "improved health-tracking features", "longer battery life", and "better and slimmer designs". Year to date, the stock is up over 49%, while in the last one-month, it is up over 10%.

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