Despite only launching its first wearable device, the Mi Band, in July 2014, Xiaomi has rocketed to second place in the wearable technology market with a 24.6 per cent share of total shipments. This may be due to its low price tag but is still a startling return on less than 12 months of trading.
Fitbit is still a comfortable market leader with a 34.2 per cent share of the market but Garmin is a distant third with just 6.1 per cent, followed by Samsung with 5.3 per cent. However, as Fitbit doesn’t use Android Wear in its devices, Xiaomi is by the the biggest seller of devices running on that operating system.
Xiaomi’s meteoric rise has cut into the market share of all the top five, rounded off by Jawbone, cutting Fitbit’s market share by over 10 per cent. It remains to be seen if Xiaomi can continue this assault on the wearable technology market but, although it must be noted that this data doesn’t include the Apple Watch, this is a truly astonishing result for the company that only trades in the Far East.
To get the lowdown on the Sony Smartwatch 3 as well as 20 Lollipop fixes, take a look at Android magazine issue 51, available in stores and online now .