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Canalys: Xiaomi leads global wearables market in Q1

  • A total of 46.6 million wearable bands were shipped in Q1, showing a 13% growth YoY according to Canalys.
  • Xiaomi led the global wearables market with 8.7 million shipments and a 19% market share, experiencing a 44% annual growth.
  • Apple followed Xiaomi with 7.6 million shipments, while Huawei secured the third position with 7.1 million shipments in Q1.
  • Factors like price, battery life, health-tracking features, brand name, and design were crucial for smartwatch buyers in Europe, with ecosystem integration and post-purchase services expected to drive future competition.

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