Xiaomi has announced that it has become the world's largest wearable company. The claim comes from Xiaomi India VP and Managing Director, Manu Kumar Jain who tweeted about the milestone and mentioning that Xiaomi has topped the wearable category in the first quarter of 2017.
Jain write, "Xiaomi overtakes Apple, Fitbit to become #1 wearable device company in the world." The company has overtaken wearable companies including Apple, Fitbit, Samsung and Garmin. Xiaomi has also shared some stats indicating that Xiaomi sold 3.6 million volume units occupying a market share of 14.7 percent. Xiaomi was rather close as it beat Apple by a small margin. Apple also managed to sell 3.6 million in volume but had a market share of 14.6 percent.
This is followed by Fitbit in third spot which is surprising as the company's core business is making wearable devices. In the first quarter of of 2017 Fitbit sold 3 million units with a market share of 12.3 per cent. Right after Fitbit is Samsung with 1.4 million and market share of 5.5 percent. Fifth position was taken up by Garmin having a shipment volume of 1.1 million and market share of 4.6 percent.
Xiaomi has managed to hit big numbers thanks to its latest Mi Band 2 fitness band which is being sold at Rs 1,999 on multiple online retailers and the company's own online Mi Store. The Chinese company recently opened its first official offline store called Mi Home in Bengaluru and is expected to open more stores in the near future.
Published Date: Jun 08, 2017 04:19 pm | Updated Date: Jun 08, 2017 04:19 pm