Apple Beats Samsung and Fitbit As North American Wearables Shipments Grow 10% Amid Pandemic

The value of North America's wearable band market in Q2 2020 remained flat year-on-year at US$2...

Photo credit: Canalys

The value of North America's wearable band market in Q2 2020 remained flat year-on-year at US$2 billion, despite shipments growing 10% annually, according to technology market analyst firm Canalys. Samsung lost a huge chunk of its market share through the period, as Americans went for cheaper trackers that were priced below US$50.

Read more: Contactless Payment System Will Drive Payment-Enabled Wearables Market to US$7.2 Billion in 2024

Apple Watch Series 5 was North America’s best-selling smartwatch, matching last year’s Series 4 shipments. The average selling price declined 11% to US$235 due to a boom in low-end activity trackers and 30% year-on-year growth for Apple Watch Series 3.

North America was only one of two regions to grow quarter-on-quarter, demonstrating sustained consumer demand for wrist-worn devices. As consumers scrutinized personal budgets, their thrift fueled a remarkable growth among the long-tail of lesser-known brands of activity trackers on e-commerce platforms like Amazon, reports Canalys.

“Americans invested heavily in sub-US$50 trackers during the pandemic to stay accountable for the greater amount of time spent at home,” said Canalys Analyst Vincent Thielke. “Amazon’s Q3 introduction of the Halo tracker was timely, following two back-to-back quarters of strong activity tracker sales. Subscription-based companion apps helped Fitbit and less-familiar players like Whoop better differentiate themselves against the vast array of devices sold online. Turnkey service offerings proved a surprising pandemic winner as social distancing discouraged personal trainers and exercising in close proximity to others.”

Read more: The 5 Best Smartwatches And Fitness Trackers For Women In 2020

The surge in basic bands offset the United States’ third consecutive quarter of smartwatch decline, triggered by the clearing-out of channel inventory as Samsung and Fitbit prepared August releases. WearOS brands also greatly reduced sell-in because of store closures, but also as they began transitioning to Qualcomm’s next-generation chip. As all major vendors set their sights on 2021, medical-oriented devices will move certain products into an elevated tier, creating stronger differentiation between casual fitness and advanced health tracking.

Sam Draper
September 10, 2020

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