Xiaomi Tops Wearables Market as Apple Ends Q3 Second
Xiaomi is now the company leading the wearables market thanks to no less than 90.9% year-over-year growth, according to new data provided by IDC.
The wearables market has reached 32 million sold units in the third quarter of 2018, and this represents an increase of 21.7% from the same quarter the year before.
Unsurprisingly, the same companies continue to top the charts, only that this time, Xiaomi has managed to secure the leading spot thanks to impressive performance not only in China, but also elsewhere.
Previously, China accounted for more than 80% of Xiaomi’s sales, but IDC says the home market dropped to 61% because the company managed to expand in a series of other countries like India, Europe, and the Middle East thanks to products like the Mi Band 3.
Xiaomi sold a total of 6.9 million units in the third quarter of the year, up from 3.6 million units in the same quarter of 2017. This means the company now holds a share of 21.5%.