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The latest IDC data on market shares suggest that smartphones are not the only market on the brink of being dominated by the Chinese. Companies such as Xiaomi and Huawei have experienced phenomenal growth in apparel technologies in the fourth quarter of 2018 and threaten to dethrone Apple over the next year.
"The wearable equipment market has grown significantly over the past year and we expect this to continue in the coming years," the company said in its report. "Smart watches, meanwhile, grew by 54.3% and accounted for 29.8% of all mobile device shipments in 2018".
According to IDC, computer hardware manufacturers shipped 172.2 million laptops in the fourth quarter of 2018, a year-over-year gain of 27.5%. Smart watches accounted for 55.2% of these apparel devices, followed by bracelets (30%) and hearing aids (22%).
Apple, with 16.2 million units sold, maintained its leading market position with a 27.4% market share. However, Apple's overall market share declined to 29.6% in the same quarter last year, thanks to the much stronger growth of two companies based in China, Xiaomi and Huawei.
Xiaomi took second place in the quarter, with 7.5 million units sold, thanks to growth of 43.3%. But Huawei has grown by 248.5% to 5.7 million units, which is good for a third place. The company was not even in the top five a year ago.
'Xiaomi remains strong in his country of origin China [but] Recent investments in Europe and other Asian countries have paid off and helped to strengthen Xiaomi's reputation as a competitive force, "said IDC. "Huawei had a great quarter in the wearables and smartphones markets … many Huawei and Honor phones came with wearables. The launches of new products have also allowed the company to gain ground. "
Fitbit and Samsung complete the top five with respectively 5.5 and 4.0 million units sold.
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