IDC reports that the worldwide smartwatch market took a sharp downward turn for the first time. The smartwatch market suffered a loss of 32% as the smartwatch vendors shipped 3.5 million unit in the second quarter of 2016 (2Q16) which was very low as compared to the 5.1 million units shipped a year ago. IDC reports that Apple topped the market list with 1.6 million smartwatch shipped and an estimated 47 percent market share. However, it was the only company which suffered an annual decline in shipments. Also Read - Apple led the growing wearable pack in Q4 2020, Xiaomi followed
IDC reported a decline in the sales by more than half from the same period last year to 1.6 million. The other top vendors including Samsung, Lenovo, LG and Garmin boosted sales over the quarter, according to IDC, which said Apple lost momentum after last year’s much-awaited launch and strong holiday season sales. Samsung showed an increase according to the report.
IDC reports that Samsung did well with distribution and this brought Samsung second after Apple in the ranking. Samsung’s Gear S2 proved a winner for its smartwatch sales. The survey showed number two vendor Samsung boosted sales 51 percent from a year ago to around 600,000, giving it a 16 percent market share. China’s Lenovo comes third with nine percent and it continues to be a good choice for people who are interested in Android Wear-based circular displays. South Korea’s LG came fourth with eight percent share in the smartwatch market followed by Garmin with four percent.