Global wearables market sees bigger presence of Chinese brands: report
Photo/Hua Ang (NBD)
The global wearables market saw Chinese brands increase their presence in the third quarter (Q3) of this year as shipments of Chinese-made wearable devices posted rapid growth, an industrial report showed.
U.S. tech giant Apple, Chinese tech firm Xiaomi and the Republic of Korea's Samsung led the global wearable devices market in Q3, according to a report from the global market research firm International Data Corporation (IDC).
Wearables shipments of Xiaomi jumped to 12.4 million in Q3 this year from 7.4 million last year, while those of Chinese tech firm Huawei registered a 202.6-percent growth in the same period to 7.1 million, the highest year-on-year growth among other brands.
Wearable products mainly include earwear, wristbands and smartwatches. Earwear accounted for 48.1 percent of the total wearables market.
The IDC, founded in 1964, is a global provider of market intelligence, advisory services and events in information technology, telecommunications and consumer technology markets.