Regardless of the worldwide impression of the COVID-19 pandemic, world smartwatch shipments continued to develop in the course of the to start with a few months of the year, driven by on line profits, suggests a new report by analysis agency Tactic Analytics.
Shipments grew 20% annually to access 13.7 million models in the to start with quarter of 2020, up from 11.4 million models in the prior quarter. Apple Observe stayed in the top position, with 55% world industry share, followed in second position by Samsung. Garmin rose to 3rd spot.
“Smartwatches are selling very well by means of on the net retail channels, whilst many customers have been making use of smartwatches to keep track of their overall health and conditioning during virus lockdown,” wrote Tactic Analytics senior analyst Steven Waltzer.
In the initial quarter of 2020, 7.6 million Apple Watches shipped, a 23% maximize from the 6.2 million delivered for the duration of the very same period a single year in the past. Apple Watch’s market share grew from 54% to 55%.
Samsung shipped 1.9 million smartwatches, when compared to 1.7 million very last calendar year, while its sector share went down from 15% to 14%. Waltzer writes that Samsung’s smartwatch growth was slowed by the coronavirus lockdown in South Korea and new opposition from rivals like Garmin .
Garmin took the selection three place for the to start with time in two many years, shipping 1.1 million smartwatches in the initially quarter, a 38% increase from 800,000 a calendar year back. This grew Garmin’s share of the world-wide smartwatch industry from 7% to 8%, thanks to new designs like the Venu with OLED coloration touchscreen.
Tactic Analytics expects world wide smartwatch shipments to sluggish in the next quarter of 2020 due to the fact of the pandemic, but get well during the next 50 % of the year, as stores reopen and some consumers convert to smartwatches to aid them monitor their health.
“Smartwatches continue on to have outstanding very long-phrase prospects, as younger and more mature persons will develop into a lot more health and fitness-acutely aware in a put up-virus entire world,” wrote analyst Woody Oh. “Smartwatches can keep an eye on essential health and fitness indicators, this kind of as oxygen stages, and buyers might find comfort in getting a digital health and fitness assistant strapped to their wrist.”