Apple is the biggest wearable maker once again

Apple Becomes World's Top Wearable Manufacturer, Claims New Report

Apple Becomes World's Top Wearable Manufacturer, Claims New Report

Smartphone makers Huawei and Samsung also make their own series of smartwatches, some of which are created to rival the Apple Watch, but have had to contend with 6% and 5% share, respectively.

Apple has retaken the lead of the global wearables market, as per research firm Canalys.

The iPhone-maker had previously conceded first place in the second quarter of the year to China's Xiaomi, but thanks to the launch of the Watch Series 3 (the first by the company to connect to the internet without being tethered to a phone) Apple was able to ship 3.9 million units.

Apple's competitors, Xiaomi and Fitbit, trailed behind in Q3, shipping 3.6 million and 3.5 million wearables, respectively.

This means Apple now commands 23% of the wearable market, Xiaomi has to make do with 21% market share, while Fitbit sits at 20%. The third quarter is usually weak for wearables, with many consumers holding out for the Christmas period. The final entry in the top 5 is Samsung with 5% of the market. Despite increased shipments, the overall wearable band market dropped by 2% to 17.3 million units, primarily due to the waning demand for the basic bands, Canalys estimates. Also, the watch did not reach its full potential in the quarter, suffering limited availability with demand outstripping supply.

Grateful for his new Apple Watch 3 functionality that took him out of a potentially risky situation, John Zilles emailed Apple to let them know how he appreciates the gear, and apparently even got a short reaction by fellow fitness nerd Tim Cook himself, in the form of one short but sweet "wow, happy to hear you are safe" reply. The company also released new WatchOS 4 for the Watch generations. However, some of the markets got the LTE variant as well. About 800,000 of the shipments were Apple Watch Series 3 with LTE capabilities.

During Apple's latest financial conference call, Apple's CEO highlighted the Apple Watch in his opening statement. Canalys expects strong demand from Chinese customers once the issue is resolved.

With holiday sales starting soon, the year 2017 is expected to be record-breaking for Apple's wearable division. Year to date, the stock is up over 49%, while in the last one-month, it is up over 10%.

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