Samsung shipped half a million smartwatches worldwide in the past quarter and the group now has 71 percent of the market, according to research. The figures do not include sales of the new generation of Gear accessories.
The figures come from research agency Strategy Analytics and the Korea Herald reports about it, among others. The figures do not yet include deliveries of the new Gear 2 and Gear 2 Neo, which Samsung announced in April, and the Gear Fit, and also include deliveries and not sales. The market share of 71 percent shows that Samsung has a firm foothold in the growing wearables market. In 2013, Samsung had a market share of 52.4 percent with its wearable, of which it sold one million units worldwide.
For the time being, there is also little competition, with only the Sony Smartwatch 2 and the Pebble as big names. Together, these parties have 11.4 percent of the market, with a delivery of 80,000 units in the past three months. Samsung is getting more competition though; LG and Motorola, among others, have big plans with smartwatches. The shipment of smartwatches increased by 250 percent compared to last year, Strategy Analytics claims and only the arrival of Apple’s alleged iWatch could pose a threat to Samsung’s market dominance, according to the research firm.