A well-known market research agency has published a new ranking of manufacturers of wearable devices such as smart watches, fitness bracelets, etc. It also housed our favorite brand and manufacturer Xiaomi.
Intelligent wearable elegance
Xiaomi is well known in the world as a manufacturer of quality and affordable smartphones. Most of us know that this brand focuses on a much larger portfolio of products than just the mentioned smartphones.
Xiaomi has an extensive portfolio of wearable products. Perhaps the best known are their fitness bands Mi Band, currently the latest and best-selling Mi Band 4.
In addition to fitness bracelets, Xiaomi produces various sports or elegant smart watches, as well as handy wireless headphones and much more. As a result, Xiaomi has become the second largest manufacturer of wearable devices in the world. They have overtaken technological giants such as Fitbit, Huawei and Samsung.
Deserved second place
As you can see in the table, according to market analysis from IDC, Apple holds the first place with its Apple Watch and a 31,7% share of the world market. Xiaomi's share is 12,4% of the world market, with a total of 41,7 million units sold in 2019. They recorded a great year-on-year increase of 78,8%.
Despite its success, Xiaomi's market share fell from 13,1% to 12,4% compared to last year. We dare say that this decline is due to the arrival of new manufacturers on the market who are trying to follow in the footsteps of Xiaomi and offer affordable equipment.
We believe in coming global version of the expected Xiaomi Mi Watch and also the new Xiaomi Mi Band 5, the brand's market share will grow again.
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