The smartwatch industry saw a 20% growth in shipments in the first quarter of
2020, despite the impact of the COVID-19 pandemic and managed to ship 13.7
million units worldwide compared to 11.4 million units in the previous year?s

Apple []retained its top spot and enjoyed a market
share of 55% whileSamsung []andGarmin
[]took the second and third spot respectively.

[] from research firmStrategy Analyticssheds light on how tight of a grip Apple has
on the smartwatch industry. Despite not being the manufacturer of the most
affordable smartwatches, Apple still managed to sell 7.6 million Apple Watches
during this period. This number is a 23% jump from the 6.2 million units that
were shipped in the first quarter of 2019.

The Apple Watch 5 that launched alongside the iPhone 11 series last year brought
around an always-on display and a compass amongst other incremental changes. But
the next-gen Apple Watch Series 6 is said to bring in a lot more to the table.
[] to have the much-awaited sleep tracking feature and blood-oxygen-level tracking.

After Apple, South Korean giant Samsung has managed to ship only a fourth of the
number of Apple Watches Apple sold. Although this number, 1.9 million, is a step
up from the 1.7 million watches it shipped in Q1 2019, Samsung?s market share
fell from 15% to 14%.

Image Credit: Strategy AnalyticsComing in at third is Garmin which hit this spot
for the first time in two years. The American watchmaker managed to put up a
hefty growth of 37.5% that saw their shipments going from 0.8 million last year
to 1.1 million this year. The success, at least according to Strategy Analytics,
is attributed to the launch of new models like the Venu that are proving to be
popular with sports and fitness fans.

?We expect global smartwatch shipments to slow sharply in the second quarter of
2020, due to the ongoing Covid-19 pandemic. Sales in Europe and the U.S. have
inevitably been hit by virus lockdown in recent months. However, the second half
of this year and beyond will see a decent rebound, as consumers worldwide
steadily regain confidence and more retail stores reopen. Smartwatches continue
to have excellent long-term prospects, as younger and older people will become
more health-conscious in a post-virus world. Smartwatches can monitor vital
health signs, such as oxygen levels, and consumers may find comfort in having a
virtual health assistant strapped to their wrist,? adds Woody Oh, Director at
Strategy Analytics.