The smartwatch market may be growing but it still has very few members in comparison to the markets for other sectors of the consumer electronics industry. As a result, Strategy Analytics has published a report stating that Samsung has a 71 percent market share in the industry but that is based upon the tech giant having to go up against just a handful of companies.
When other companies like LG and Apple begin to compete in the market as well, all bets are off but for the time being, Samsung gets to enjoy a nice lead in the market. Strategy Analytic’s numbers take into account all of Samsung’s smartwatch sales but even when looking at the company’s older devices, it is easy to see an impressive increase in sales.
Within the next few months devices will be coming out that are based upon Android Wear, Google’s operating system designed solely for smartwatches and other wearables. With HTC, LG, and Motorola all lined up to release Android Wear devices, Samsung will have a lot of smartwatches to compete against which means that its market share will presumably drop substantially. Having an early lead never hurts, however, as we have seen with companies like Apple which got into certain markets ahead of everyone else.
Via [Android Central]