Samsung holds 71% of the total smartwatch market
Samsung is the only major OEM in the emerging smart watch market with four devices on sale, giving the company a key advantage over its competitors. Today, the company confirmed its dominance in the smartwatch market where it managed to grab a market share of 71.4% in the first quarter of this year.
In the United States, the company held nearly 78% of the total market from October 2013 to June 2014. Samsung has a total of four smartwatches/wearables on sale right now, three of which it released earlier this year at MWC. Interestingly, all of the company’s smartwatches are running on its own in-house Tizen OS. The original Galaxy Gear launched last year with a stripped down version of Android but the Korean giant recently rolled out an update to replace it with Tizen.
The reason behind Samsung’s dominance in the smart watchmarket is that it is yet to face a stiff competition from any of its competitors. While Android Wear powered smartwatches are expected to be unveiled today at Google I/O, Apple rumored iWatch will only be released towards the end of Q3 or early Q4. Once these products go on sale, Samsung’s dominance in the smart watch market is bound to suffer, especially since its current offerings are not really remarkable in any way.
- SourceSamsung Tomorrow