Samsung shows no signs of growth in the wearables market in Q4 2020: Report

by Ashish

The global shipment of wearable devices has reached 153.5 million units in the fourth quarter of 2020, while some of the OEMs have gained from the quarter while some have faced a decline over time. While Samsung has some negligible amount of drop which is neither profit nor loss.

According to the latest report by IDC, Samsung has not gained anything from the fourth quarter of 2020 as compared to the same time in 2019. The company holds the third position in the wearables market with the shipment of 8.8 million units.

It is reported that Samsung’s low-cost wristbands saw a great attraction of the users and the company is able to get some share in some countries. While the overall watch shipment declined to 2.9 million units in Q4, 2020.

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Apple maintained its growth in Q4, 2020, the company has been placed on the top with a total of 55.6 million shipments. While the company has recorded a total growth of 27.2% year-over-year and captured a market share of 36.2% globally.

While the second spot was taken by Xiaomi with 50.7 million units shipped in the quarter which is way too low as compared to the 151.4 million shipments of Apple. Despite the US sanction, Huawei has managed to take the third position with 43.5 million units shipped.

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