FIT - Apple Leads Smartwatch Market in Second Quarter
Apple (NASDAQ: AAPL) continues to lead the way in the booming smartwatch market, which is part of the broader wrist-worn wearables industry. That's not unlike the company's position in the hearables market, another subset of wearables. Total wearables unit volumes across all categories are expected to exceed 220 million this year, according to market researcher IDC.
IDC this week released its estimates on wrist-worn wearables for the second quarter, which show Apple maintaining its No. 1 position in smartwatches, although the Cupertino tech giant came in at No. 2 for all wrist-worn wearables due to the popularity of basic fitness trackers in China, where Xiaomi is top dog.
Apple unveiled Apple Watch Series 5 this week. Image source: Apple.