Apple’s first smartwatch, the Apple Watch, exhibited impressive performance by accounting for 75.5 percent of the smartwatch market in its launch quarter. It was one of the most selling smartwatches on the market no doubt aided by the fact that it fits in nicely within the Apple ecosystem that already ties customers’ iPhones, iPads and MacBooks together. If predictions are to be believed then the Apple Watch’s stellar performance will see a bit of a decline in this year.
Market research firm IDC predicts that Apple Watch will give up market share gradually to competitors powered by Android Wear, Tizen and also Pebble OS over the next five years. The Apple Watch is predicted to account for 49.4 percent of the smartwatch market share in 2016.
The decline in market share doesn’t necessarily mean that Apple will be selling less smartwatches, the prediction is that the wearable market will become more competitive and that Android Wear-powered devices will see an uptick in sales that will increase their market share to 21.4 percent this year.
Apple Watch sales are expected to come in at around 14 million units this year, rising to 31 million units by 2020, IDC predicts that the Apple Watch will see its market share drop to 27.9 percent by the end of this decade as its competitors exhibit strong performance.
The company is due to launch a new Apple Watch later this year, the second-generation smartwatch is likely to bring design changes aside from new features. It’s expected to arrive by the fall.