Samsung takes 78% revenue of US smartwatch market
Samsung has recorded massive victory in the latest development where analyst NPD said the Korean company has gallantly made 78% of the $96 million made by all vendors in the US smartwatch industry since October last year.
Samsung almost singlehandedly held the market sway, with the nearest competitor, Pebble, having 18% of the revenue while other smartwatch vendors were left with the remaining 4%.
Samsung currently holds 71% of the worldwide smartwatch market, having shipped half a million Gear and Galaxy Gear watches in the first three months of this year alone.
The total amount of smartwatches sold by Samsung stood at 800,000 as of November last year so as you can see, the smartwatch industry is growing fast even though NPD says that only 20% of US consumers are ready to toss their dollar in for a smartwatch.
The unannounced Samsung Gear 3 smartwatch is expected to ship inside the box of the Galaxy Note 4 when the smartphone sails, and that will boast Samsung’s smartwatch ego by miles if that is actualized.
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