Xiaomi Corp. took the top position in research firm IDC's report on market share in the wearables industry for the third quarter, beating out Apple Inc. (AAPL) and Fitbit Inc. (FIT). Xiaomi benefited from the Mi Band 3's popularity as well as success outside of China. The company shipped 6.9 million devices in the quarter, according to IDC's research. IDC estimates that Apple shipped 4.2 million devices and Fitbit shipped 3.5 million. Apple's Series 4 Watch launched at the very end of the third quarter, so most of its shipments during the period were of older models. Fitbit slowed its decline, according to IDC, thanks to the Versa smartwatch, Charge 3 tracker, and Ace kids' wristband. "In particular, the success of the Versa has allowed the company to once again become the second largest smartwatch vendor and IDC expects this to continue in the near term," the firm wrote.
-Emily Bary; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 03, 2018 09:37 ET (14:37 GMT)
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