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The Apple Watch Series 3 Made Up Majority of Estimated 4.2 Million Q3 2018 Apple Watch Sales

The Apple Watch Series 3 Made Up Majority of Estimated 4.2 Million Q3 2018 Apple Watch Sales

IDC estimates Apple shipped around 4.2 million Apple Watches during the third quarter of 2018. While Apple Watch shipments were estimated to have increased by 54% over the same period of 2017, Apple’s numbers were not enough to rank as the #1 wearables maker, as Chinese firm Xiaomi took that title.

Xiaomi shipped an estimated 6.9 million wearables in the quarter, while Apple took second-place with a 13.1 percent market share. Fitbit took the number 3 slot with an estimated 3.5 million wearable devices shipped, Huawei shipped 1.9 million devices which was good for fourth, and Samsung rounded out the top 5 list with 1.8 million units shipped.

The Apple Watch Series 3 Made Up Majority of Estimated 4.2 Million Q3 2018 Apple Watch Sales

Top Five Wearables Companies in 3Q18

Xiaomi grabbed the top position during the quarter thanks to the success of the Mi Band 3 and significant expansion beyond its home country of China. Though typically China accounts for well over 80% of Xiaomi’s shipment volume, this quarter that share fell to 61% as the company managed to grow its presence in other markets such as India, Europe, and Middle East & Africa.

Apple managed to launch its Series 4 Watch, its first watch approved for medical use, towards the end of the quarter. The new design and sizes along with the latest version of Watch OS were welcome changes though the latest series only accounted for less than 20% of all Apple Watch shipments. The reduced price on the still affable Series 3 accounted for the majority of Apple’s shipments during the quarter.

Fitbit’s latest devices, including the Versa, Charge 3, and the Ace, helped the company slow its decline compared to previous quarters. In particular, the success of the Versa has allowed the company to once again become the second largest smartwatch vendor and IDC expects this to continue in the near term. Looking ahead, the company’s focus on improving the quality of sleep for its users will remain one of its core strengths and key differentiators in the market.

Huawei finished just ahead of Samsung to maintain its number four position worldwide, emphasizing its newest TalkBand B5 series of wristbands. This maintains its unique approach of combining a Bluetooth earpiece with a fitness tracker. Meanwhile, its Honor sub-brand introduced a new set of earphones that tracks heart rate during workouts. Overall, however, the majority of Huawei’s wearable devices remained within its home country of China.

Samsung closed some of the gap with Huawei and stretched its lead past other contenders, capturing the fifth position for the quarter. The company launched its next generation smartwatch, the Galaxy Watch, marking the first time that a wearable device moved away from its traditional “Gear” moniker to the “Galaxy” sub-brand, alongside its smartphones and tablets. Still, Samsung relies on its Gear S3 and its smart Gear Fit wristbands to drive volumes, and its connected wearables posted continued sequential growth. 

It should be noted that the wearable device market as measured by IDC includes basic wearables, such as simple fitness trackers, widely available for under $100. That means Apple was likely the leader among the more expensive wearables.

The Apple Watch Series 3 Made Up Majority of Estimated 4.2 Million Q3 2018 Apple Watch Sales

Overall, the wearables market shipped 32 million units in 3Q 2018, up 21.7% from 2017. All Apple Watch numbers are estimates, as Apple never supplies exact sales figures for the device.

IDC estimates the Apple Watch Series 4 accounted for less than 20% of all Apple Watch shipments, with the Series 3 making up the majority of sales of the device. (Makes sense, considering the Series 4 didn’t hit shelves until the last month of the third quarter.)

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