Samsung records 32.2% over year growth in the global wearable market in Q3, 2020: IDC

The third quarter of 2020 has been proved to bring gains for the South Korean tech giant as the company has made a considerable amount of growth in different sectors such as smartphone sales and PC monitor shipments. This growth for the company continues with its wearables sector as well.

As per the latest data released by IDC, Samsung has recorded a growth of about 32.2% growth in the shipment of its Wearable devices in Q3, 2020 as compared to the third quarter of 2019. With a market share of 9.2%, the Korean firm managed to get the fourth position in the list of top five wearable companies. The company shipped 11.2 million units in the Q3, 2020.

Apple on the first spot in the list with 41.4 million units shipped and a market share of 33.1%. The Cupertino tech giant also recorded growth with a 38.6% year-on-year growth Xiaomi and Huawei got placed at second and third positions respectively.

According to IDC, the wearable market grew 35.1% year over year in Q3, 2020 with the total shipments reaching 125 million units. Further, the research firm claims that this growth is driven by seasonality, new product launches, and the global pandemic.