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IDC: Fitness band wearables decreased for first time in Q2, smartwatches soar

Published 08/31/2017, 01:21 PM
© Reuters.  IDC: Fitness band wearables decreased for first time in Q2, smartwatches soar
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  • Worldwide wearable shipments totaled 26.3M in Q2, a growth of 10.3% on the prior year’s quarter, according to IDC.
  • Basic wearables that don’t run third-party apps declined for the first time ever with a 0.9% drop on the year. Fitbit (NYSE:FIT) and Garmin (NASDAQ:GRMN) both posted year-over-year shipment decreases.
  • Smartwatches were up nearly 61% and wearables with embedded GPS, such as the Apple (NASDAQ:AAPL) Watch Series 2, made up 42% of the market compared to 24.5% at this time last year.
  • Top wearable companies, by shipments (with market share; YOY change): Xiaomi, 3.5M (13.4%; +13.7%); Apple, 3.4M (13%; +49.7%); Fitbit, 3.4M (12.9%; -40.9%); Garmin, 1.4M (5.4%; -6.6%).
  • Previously: Apple leading smartwatch market expected to reach $9.3B this year (Aug. 24)
  • Now read: Qualcomm (NASDAQ:QCOM) Wins The First Round In Apple ITC Complaint


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