A new report is out from Counterpoint Research on the top smartwatch makers by revenue, and the top three brands may not be who you think.
For two of them at least. It’s likely no surprise to anyone that Apple is at the top of this heap. Commanding a massive lead over any other brands when it comes to the revenue from smartwatch sales in the first half of 2020.
Smartwatch sales of course have been on a downslope this year due to complications with supply chains and delivery of products. But that hasn’t stopped Apple and others from gaining profits in this particular wearables area.
The top three smartwatch makers in 1H 2020 don’t include Samsung
When it comes to overall revenue so far this year, you might expect Samsung to be in the top three. After all its smartwatches are pretty great and the company has done well in the past.
That isn’t the case though. Based on the research, Samsung isn’t in the top three. Apple comes in at number one. Which as noted above is probably no surprise to anyone. Number two and three might surprise you.
Number two for revenue in the first half of 2020 is Garmin. And number three is Huawei. When it comes to percentages, Apple, based on these graphs, accounts for over half of all the revenue made at 51.4-percent.
All the other brands combined, are less than Apple’s share of the revenue. Keep in mind this is also global. Coming in behind Apple, Garmin accounts for 9.4-percent, while Huawei accounts for 8.3-percent.
Samsung meanwhile comes in behind Huawei with 7.2-percent. So while it wasn’t in the top three, it was number four. So it didn’t necessarily do too bad compared to all other brands behind it.
The smartwatch market saw revenue growth of 20-percent
Despite the market reportedly declining since the pandemic started earlier this year, global smartwatch revenue apparently still grew 20-percent.
This is all compared to the first half of 2019. And even with a decline in sales and shipments, revenue growth is still revenue growth overall. Interestingly enough, although Garmin is the second largest brand for global revenue, none of its watches were listed as the top five best-selling models by shipment volumes.
The two best-selling watches are both Apple’s. The Apple Watch Series 5 and the Apple Watch Series 3. Next is the Huawei Watch GT2, the Samsung Galaxy Watch Active 2, and then the Imoo Z3 4G.
Samsung may have fallen two spots for revenue share globally compared to the first half of last year, but perhaps it can pull back ahead in the second half of 2020 now that the Galaxy Watch 3 is out.
The post The Top Three Smartwatch Makers Right Now May Not Be Who You Think appeared first on Android Headlines.
Source: ndroidheadlines.com