The wearables market is growing inexorably with Apple and Xiaomi at the forefront.
One of the best-selling technological products, along with smartphones, is one of the most popular among consumers. They are called wearables.
Smart watches and activity bracelets are the most sought after devices and although there are many brands that market these type of devices, Two are the companies that lead this market. Guess which one?
Apple and Xiaomi rule the wearables market
Analyst firm IDC released wearables sales worldwide in the third quarter of 2020, and the truth is that The numbers are not bad.
The sum? 125 million wearables are sold worldwide, 35% more than in the same period last year and all this despite the economic crisis that we suffered this year.
How could it be any different, Apple is the leading brand in this sector with a market share of 33%. The Apple Watch is a bit “expensive” device, but there is no doubt that it is, or at least most consumers think, that it is the best smartwatch out there. Unfortunately, the Apple Watch can only be optimally used with an iOS phone. So if you have an Android device, you’d better look for an alternative like the Huawei Watch GT 2e.
In second place is Xiaomi. The Chinese company has not only positioned itself as the third largest brand in the world It is the second company to have market share of wearables worldwide.
While Xiaomi has several wearables in its catalog, Probably the most popular product is the Xiaomi Mi Band, an activity bracelet for less than 30 euros that other much more expensive devices cannot envy. Is the Xiaomi Mi Band the best wearable on the market? It is not unreasonable to insure this.
In a different sense, IDC also realized that selling wearables isn’t going to stay that way, but that it will be a growing market since then More and more consumers are relying on this technologyand is that, for example, the growth of Huawei wearables a bit stratospheric.