Friday, 17 November, 2017

Apple Becomes World's Top Wearable Manufacturer, Claims New Report

Report: Apple is back to being the world's top wearable maker Apple Watch retakes lead of wearables market, Xiaomi second: report
Frank Williams | 15 November, 2017, 00:53

Have you or are planning on buying an Apple Watch Series 3 before the end of the year?

Smartphone makers Huawei and Samsung also make their own series of smartwatches, some of which are created to rival the Apple Watch, but have had to contend with 6% and 5% share, respectively. The report attributes part the success to the new Apple Watch Series 3, which hit global sales as high as 3.9 million.

The only official metric that Apple (NASDAQ: AAPL) disclosed about Apple Watch during last quarter's earnings release was that the smartwatch enjoyed "unit growth of over 50% for the third consecutive quarter".

USA approves first pill with digital tracking device
The Food and Drug Administration has approved the first drug that can digitally track whether patients have taken their medicine. The patch and sensor is manufactured by the company Proteus Digital Health and aripiprazole marketed by Otsuka Pharmaceutical.

Armed with his kitesurf and Apple Watch 3 on his wrist, one John Zilles took against the waves on a new underwater hydrofoil wing, but about a mile in, he wiped out, and couldn't get his heavy kit airborne again. Apple shipped 23% of all smartwatches, fitness bands, and other wearables, Canalys said, just ahead of Chinese low-priced seller Xiaomi, at 21%, and Fitbit (fit), which captured a 20% market share. This meant overall wearable market shipments declined 2% to 17.3 million units, in what is traditionally a slow quarter as consumer hold off on purchases until the Christmas period. The firm estimates that the gen-three version accounted for just 800,000 shipments, due to supply issues, which bodes well for Apple coming into the lucrative holiday season. No. 400 on the Fortune 500 for 2017 was Calpine, with $6.7 billion in revenue, so we can say Apple's wearables business is at least that large and represents over half of the company's "Other Products" segment, which generated $12.9 billion in revenue in fiscal 2017. "Apple and Samsung are increasing user stickiness and brand loyalty by adopting an ecosystem strategy, which includes wearables and audio accessories".

Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. The Motley Fool owns shares of and recommends Apple and Fitbit. The Motley Fool has a disclosure policy.

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