Xiaomi claims to be world’s #1 wearable device company beating Apple and Fitbit

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Xiaomi has recently announced that it has become the world’s top wearable company, beating Apple and Fitbit. Manu Kumar Jain, Xiaomi India VP and Managing Director, tweeted about the milestone mentioning that Xiaomi has topped the wearable sector in the 1st quarter of 2017.

Jain wrote, “Xiaomi overtakes Apple, Fitbit to become #1 wearable device company in the world.” The company has leave behind the other wearable companies including Apple, Fitbit, Samsung and Garmin. According to the stats shared by Xiaomi it indicates that Xiaomi sold 3.6 million volume units with a market share of 14.7 percent. It was rather too close as it beat Apple by a very small margin. Apple’s selling volume is also same as Xiomi i.e. 3.6 million but had a market share of 14.6 percent.

Fitbit is at the third position which is surprising as the company’s core business is creating wearable devices. In the 1st quarter of 2017 Fitbit sold 3 million units occupying a market share of 12.3 percent. Fitbit is further followed by Samsung with 1.4 million and market share of 5.5 percent. Further, Garmin has taken the fifth position with shipment volume of 1.1 million and market share of 4.6 percent.

Xiaomi’s Mi Band is being sold at Rs 1,999 on multiple online retailers and their online Mi store. The Chinese company has managed to hit big numbers and has recently opened its first official offline store in Bengaluru called Mi Home and is likely to open more stores in the near future.

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Himani Sharma, From ITvoir News Desk

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