Regardless of the wearables market seeing a decline in 2020 because of the Coronavirus pandemic, the Apple Watch remains to be seeing nice gross sales. In line with a Counterpoint Analysis report, the wearable is dominating the worldwide smartwatch marketplace for 2020.

The Cupertino primarily based big’s wearables have dominated the market, particularly its newest Apple Watch Collection 5. In line with the report, the Apple Watch collection accounted for an estimated 51.four % of world smartwatch market income in the course of the first half of 2020. In different phrases, the corporate’s providing alone accounted for greater than half of the complete market.

Moreover, no different OEM got here even near Apple’s dominance, with Garmin and Huawei merchandise arrived in second and third with 9.four % and eight.three % respectively. In different phrases, the iPhone maker had a commanding lead by way of the primary half of this yr. Whereas the viral outbreak did sluggish the business down, the worldwide smartwatch market nonetheless noticed a 20 % yr on yr development and is predicted to develop even additional in the close to future.

We had beforehand reported in the marketplace which was stated to double by 2024, and Apple might need a giant position in it. Counterpoint Analysis estimated {that a} whole of 42 million smartwatches have been shipped in the primary half of 2020. Notably, the corporate’s Apple Watch gross sales additionally grew in Europe and North America by 22 %, with the Apple Watch Collection 5 being the most effective promoting smartwatch throughout this time period.

ALWAYS BE THE FIRST TO KNOW – FOLLOW US!