ibusinesslines.com
ibusinesslines.com November 20, 2017


One Apple Watch sold for every seven iPhones in Q3 2017

15 November 2017, 12:56 | Justin Tyler

Apple Watch retakes lead of wearables market, Xiaomi second: report

Report: Apple is back to being the world's top wearable maker

According to a report from market research outfit Canalys, Apple shipped 3.9 million watches in third quarter, 800,000 of which were cellular enabled. It is worth noting that Xiaomi and Fitbit primarily sell basic wearable, while Apple exclusively dominates the smartwatch category for now. Huawei nabbed a fourth-place spot with 6 percent of the total wearable shipments, while Samsung held steady at 5 percent.

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

After a short disruption by Xiaomi, Apple Inc. Estimates from Canalys suggest that unit sales nearly hit 4 million for Apple Watch in the third quarter. He said that watch sales increased by 50 percent for the third consecutive quarter as people are more inclined toward health services. Lacking a base figure for that growth, investors remain largely in the dark regarding Watch sales and have to rely on third-party estimates. The Apple Watch Series 3 was only available from the middle of September.


Despite strong shipments, the Apple Watch Series 3 did not reach its full potential in Q3. The company also released new WatchOS 4 for the Watch generations. However, some of the markets got the LTE variant as well.

Canalys Analyst Jason Low stated for the report that "Strong demand for the LTE-enabled Apple Watch Series 3 has dispelled service providers' doubts about the cellular smartwatch not appealing to customers". And Apple charges $399 for the entry-level connected model, versus only $329 for the cheapest watch without LTE, with wireless carriers tacking on another $10 per month for connectivity. The Chinese government has now disabled the Apple Watch LTE access due to apparent security concerns, but the once the issue is resolved, Canalys expects strong demand from the Chinese buyers as well, according to 9to5mac. Plus, more than one in five of the Apple Watch devices sold was apparently a cellular model (4G).

Evan Niu, CFA owns shares of Apple.



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