On sunday, May 7, global smartwatch shipments rose 20 percent year-on-year to 13.7 million in the first quarter of 2020, according to a recent study by Strategy Analytics. Apple Watch stayed first with 55 per cent of the market, with Samsung in second place and Garmin in third.
“Global smartwatch shipments grew from 11.4 million units in the first quarter of 2019 to 13.7 million units in the first quarter of 2020, up 20 percent from a year earlier,” said Steven Waltzer, senior analyst at Strategy Analytics. Despite the significant negative impact of the Covid-19 outbreak, global demand for smartwatches continues to grow. Smartwatches are well selling through online retail channels, and many consumers have been using them to monitor their health during isolation. “
In the first quarter of 2020, Apple Watch shipped 7.6 million units worldwide, up more than 23 percent from 6.2 million units in the first quarter of 2019, and its market share grew from 54 percent to 55 percent, while Samsung’s global smartwatch shipments rose from 1.9 million a year earlier, up slightly from 1.7 million a year ago, but down from 15 percent to 14 percent, according to Strategy Analytics.
Global smartwatch shipments are expected to slow sharply in the second quarter of 2020 as the Covid-19 outbreak continues, said Woody Oh, director of Strategy Analytics.