Apple Takes the Wearables Industry by Storm in Q4 2018

While Apple might not be breaking any records with its iPhone sales, the company is doing amazing in the wearables department. A new report from the International Data Corporation (IDC) shows that Apple is dominating the wearables industry with 10.4 million Apple Watches sold in Q4 2018. To make things even more impressive, the total amount of wearable devices shipped in Q4 2018 is 16.2 million.

Apple Dominates the Wearables Industry

The wearable devices that are bringing in so many profits to Apple are: Apple Watch Series 4, Apple Watch Series 4, Apple Watch Nike+ and the expensive Apple Watch Hermes Edition. Furthermore, the IDC report reveals that the worldwide market for wearable devices grew by 31.4% in the fourth quarter moving a new high of 59.3 million units

Xiaomi Comes in Second

While Apple might be the company that is dominating the wearables market, Xiaomi comes out in second with 12.6 of market share which is quite low when compared to Apple’s 27.4 market share. The most successful wearable device made by Xiaomi is called Mi Band 3 and it accounts for more than 30% of all wristbands sold in Q4 2018.

Huawei

According to the IDC report, Huawei comes in third. Huawei grew by 43% in the fourth quarter of 2018 and this translates to total growth of 248.5% for 2018. This is super impressive and the reason why Huawei is moving so many wearable devices is that they are often paired with the company’s smartphones.

Conclusion

Apple now holds the title for being the world’s most successful tech company with its wearable devices selling superfast. The latest wearable device that Apple revealed is Watch Series 4 and this gadget is widely considered as the best smartwatch available on the market.

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