Apple Watch is the most popular smartwatch in the world, as you probably already knew, and according to new information, the dominance of the smart watch market is still far from over. Apple Watch recorded 40% of the sales of wearables globally, according to information provided by Canalys, including the sales of smart watches, fitness bracelets, etc.
The Apple Watch was the best-selling series of wearables in the whole world, after the products of Xiaomi and Fitbit, the differences being still very big compared to the Apple product. Garmin and Huawei complete the top 5, but those from Samsung could not even be part of this top, their sales being surprisingly small.
Apple Watch: How Big Are the Sales in the Wearable Market?
The Apple Watch generated more sales than even the next two Apple competitors combined, and that says a lot about the popularity of this product. It is estimated that approximately 3.8 million Apple Watches were sold in Q1 2018, and this figure represents more than half of the total sales of smartwatches in this period.
Smartwatches are so popular that they generate 80% of the revenues on the wearables market, although they represent only 43% of sales, so their prices are much higher. It is not known what profit these products generate, but it is quite clear that fitness bracelets and other wearables outside of smartwatches are quite irrelevant.
