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Xiaomi becomes the world's second largest wearable company, Android Wear smartwatches fail to impress: IDC

It is commonly known that Chinese smartphone vendor Xiaomi is racing with big guns like Apple and Samsung when it comes to global smartphone market share. But now, a new IDC report reveals that the

mi band

It is commonly known that Chinese smartphone vendor Xiaomi is racing with big guns like Apple and Samsung when it comes to global smartphone market share. But now, a new IDC report reveals that the company is equally competitive in the wearable segment as well. The report reveals that Xiaomi is the second largest wearable vendor in the world in the first quarter of 2015.

Interestingly, the company has only one wearable in its product portfolio – the Mi Band which retails for Rs 999 in India. According to the report, Xiaomi shipped a total of 2.8 million units of the wearable in the quarter, capturing 24.6 percent of the market share.

The Mi Band was announced in July last year, and went on sale in China in August. The company in December announced that they had managed to ship 1 million units in just four months. It arrived in India only in April this year, and has met with similar success.

Fitbit reigned on the top position by shipping a total of 3.9 million units and captured 34.2 percent share of the market. The only Android Wear smartwatch maker to be a part of the top five was Samsung, which came fourth in IDC rankings with shipment units at 0.6 million, grabbing 5.3 percent of market share. It is also interesting to note that currently Samsung manufactures six smartwatches, out of which only Gear Live runs on Android Wear, while the others are based on the company’s home-grown Tizen OS.

Considering Apple began rolling out the Apple Watch only this April, the second quarter figures are likely to tell a different story. In the first quarter, a total of 11.4 million wearable devices have been shipped, a threefold increase compared to the 3.8 million wearable devices shipped during the same period a year ago.

  • Published Date: June 4, 2015 12:29 PM IST