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Xiaomi and Apple – The Leading Wearable Technology in IoT technology

Xiaomi and Apple – The Leading Wearable Technology in IoT technology

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IDC reports have stated Xiaomi and Apple as the top wearable technology manufacturer for the first quarter of 2017, outrunning their long-time leader Fitbit.

The analyst firm looked into global wearable devices manufacturers and found Apple to be the biggest growing company to ship wearable technology. Apple sold 2.2 million wearable devices in 2016’s first quarter; now the company has broken its record by taking the numbers to 3.6 million. Amazing isn’t it!

On the other hand side, Xiaomi was able to overtake Apple, with a 14.7% market share compared to Apple’s 14.5%. But, the number of devices deployed from both companies was 3.6 million, and IDC was unable to award the brands with a leading title.

But things didn’t seem good for Fitbit; the leading brand noted a drastic drop on their sale. They shipped 4.9 million smart wearables in the first quarter of 2016, the number reduced to 3 million in 2017. Samsung entered the game with 1.4 million shipments – an 87.9% increase compared to previous year.

The overall shipment of wearable devices increased by 18.1%, which is predicted to grow even more in the years to come.

IDC mentioned Fitbit was ahead of the game until smart watches changed the trend of fitness bands. But, in no circumstances should Fitbit be removed from the conversation of wearable technology.

Jitesh Ubrani, the senior research analyst at IDC, states that – The market is arguably still in the first phase of development, where companies are focused on seeding wearables into the market.

In the past few years, the demanded of wearable technology has rocketed to a new level, and the numbers will keep on rising. Experts state that the revenue from wearable devices will reach $56 billion until 2022.

The latest IDC analysis coincides with their examination of the virtual and augmented reality markets, with again relatively positive results despite a similar overall perception of the market stuttering.