Xiaomi goes on to become the world’s second largest vendor of wearables

By June 4th, 2015 AT 9:25 PM

Xiaomi has become the second largest vendor globally in terms of wearable technology sales for the first quarter of 2015. Xiaomi currently has just one wearable technology product on sale globally, the Mi Band. The number one vendor was FitBit with a 34.2 percent market share but it has multiple offerings. Xiaomi had a 24.6 percent share with a single offering.

Xiaomi share

Garmin, Samsung and Jawbone occupied the third, fourth and fifth positions respectively with 6.1 percent, 5.3 percent and 4.4 percent shares respectively. The total number of wearables that were sold was 11.4 million which was more than the 3.8 million wearables than the same period last year.

Xiaomi Mi Band

Another reason for the Mi Band being the propeller for Xiaomi was its low price. Priced at just Rs 999/$13, it is one of the cheapest wearable devices globally. Fitbit has a wider base in terms of the countries it is present in and Xiaomi has a smaller footprint in terms of the countries it is present in. As the company increases its footprint, we can expect its market share to see a northward revision.

Apple didn’t make it to the list because of the fact that the Apple Watch didn’t go on sale till April. The report has been presented by IDC which is quite a credible research firm. More and more technology companies are launching their wearable technology devices.

Via

1
Leave a Reply

Photo and Image Files
 
 
 
1 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
1 Comment authors
newest oldest most voted
Lalitha

Thanks for sharing this article, I’ll check them out.

Recent Posts

Vodafone Idea Maintains Connectivity Across India Through 12000 MIMO Sites

Vodafone Idea announced on Thursday that it has deployed over 12,000 massive multiple-input multiple-output (ma-MIMO) sites across India to keep...

Vodafone Idea, Reliance Jio and Airtel Users are Receiving Higher Credits Through Paytm

Paytm, one of India’s leading payments and financial services company has announced an “Weekend Special Offer” that provides users with...

Reliance Jio Users Can Continue Free Jio Data Pack Benefits With These Paid Plans

Reliance Jio, one of the largest telecom operators in India recently offered its users 2GB of additional data under “Jio...