Xiaomi Overtakes Apple, Becomes Top Wearable Company in the World

According to new numbers from Canalys, a market research firm, Xiaomi has dominated the wearable market globally in Q3 2019 with Apple standing in second place and Huawei on the third.

Overall, the Xiaomi wearable band shipments grew by 65 percent as compared to yesteryear’s Q3. Xiaomi owns 27 percent of the wearables market with an impressive 74 percent year over year growth. This is the Company’s highest number since 2015.

Xiaomi owes this position to the success of Mi Band and its good old strategy of selling highly featured products at aggressive prices. In Q3 2019 the Company shipped a total of 12.2 million products.

Apple, on the other hand, owns 15 percent of the market share. Out of the total Apple shipments, 60 percent were thanks to the newest Apple Watch Series 5. The Cupertino had also cut the price of Apple Watch Series 3 to $199, which also played an important role. The Company has recorded its highest year over year growth as compared to 2017. As far as the American market is concerned, it was dominated by Apple.

Ranking third is Huawei, with a 13 percent market share and an impressive 243 percent year over year growth. It shipped a total of 5.9 million units in Q3 2019. This massive growth in Huawei’s wearables shipment is thanks to higher sales in the local market.

Holding the 4th and 5th positions are Fitbit (soon to be acquired by Google) and Samsung respectively. Both the companies hardly saw any growth as compared to last year.