Apple Watch Predicted to Take 56 Percent of Smartwatch Sales in 2015
The Apple Watch is all set to take hold of more than half of the total sales of smartwatches this year, claims a report from analyst IHS Technology.
According to the firm, Apple is going to shift 19 million units in 2015, and finish the year with the Apple Watch claiming around 56 percent of total smartwatch sales. The projected numbers, if true, tell a dire story to be unfolded for Android Wear.
“The smartwatch [Apple Watch] will become a key accessory device offered by most leading smartphone manufacturers seeking to dominate this new profitable market,” said analyst Antonios Maroulis. “We forecast that the ratio of smartwatch shipments to smartphone shipments will increase from 1:500 to 1:20 between 2014 and 2020.”
The firm, however, expects the popularity of the Apple Watch to plunge in the next five years. By 2020, the firm predicts that Apple’s share of the market will fall to 38 percent. By then, other smartwatch makers will begin catering to the “vast Android smartphone market which Apple chooses not to address.”
Not to mention, a competitive price point will also lure a lot of potential consumers to the other side of the fence.
As for Google’s Android Wear, IHS predicts that it will ship 96 million units in the next five years. In comparison, the platform only shipped 720,000 units last year. As for Samsung’s Tizen, the analyst believes that it will not fare that well.
via The Inquirer