Yesterday the Canalys company that is dedicated to the study of the market of products that we consume humans revealed that Xiaomi is still the best selling brand in the wearable market. The Chinese company with the Xiaomi Mi Band continues to conquer the market year after year thanks to its great quality and price ratio.
Xiaomi ranked first in the world with a 27% market share. According to the Canalys report, Xiaomi sent 12.2 million wearable devices in the last three quarters, this being an increase of 74.4% over the same period last year. The second place is for Apple with 15%, of which 60% of shipments are from the Apple Watch Series 5. After Xiaomi and Apple are relegated to lower positions Huawei, Fitbit, and Samsung.
Xiaomi Mi Band 4 Canalys Report
The report noted that China is the world’s largest market for the sale and distribution of wearables, with shipments reaching 18.3 million units, representing more than 40% of total global shipments of 45.5 million ( 40.2%)
It is worth noting that the fastest-growing region for portable devices is the Asia Pacific, with an annual increase of 130%.
Industry experts said wearables are becoming more popular among consumers, especially smartwatches. This type of device is expected to become a health assistant because it is in contact with the skin and the collected health data is intelligently analyzed on algorithms certified by clinical and medical studies that increasingly support this type of technology to Day-to-day monitoring of health and sports.
Xiaomi thanks to Mi Band 4 has managed to capture more market than its competitors and has made the brand rise to the top of this market. It is expected that next year Xiaomi will present the Mi Band 5 to continue conquering one of the largest markets that are constantly evolving.