“Apple Watch has the smartwatch market largely to itself, selling millions of units each quarter while its nearest competitors are lucky to sell in the hundreds of thousands,” Patrick Seitz reports for Investor’s Business Daily.
“On Wednesday, research firm Canalys estimated that Apple shipped nearly 7 million Apple Watch units in Q2 and Q3 combined, the first two quarters of availability. Meanwhile, Wall Street analysts estimate that Apple sold 6 million Apple Watches during that period,” Seitz reports. “Apple’s closest rival shipped fewer than 300,000 units in Q3, Canalys said. Apple’s rivals include Samsung, Pebble, LG, and Lenovo-owned Motorola. In the second quarter, Apple is believed to have captured 75.5% of the smartwatch market with shipments of 4 million units, according to Strategy Analytics. The research firm put Samsung in second with 7.5% market share and 400,000 units shipped.”
Seitz reports, “Competition is expected to get stiffer as major watch brands Tag Heuer and Fossil (NASDAQ:FOSL) debut smartwatches in the fourth quarter, Canalys analyst Chris Jones told IBD.”
Read more in the full article here.
MacDailyNews Take: Pfft.
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