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Report shows half a million Samsung smartwatches sold in Q1

The smartwatch market has been increasing in popularity over the last year and while Google and its partners are still to bring the first Android Wear devices to market, Samsung’s results from Q1 present significant market share.

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According to a Strategy Analytics report, Samsung sold almost 500,000 smartwatches in a market that is estimated to be around 700,000, which gavethem 71 per cent of the market already.

Those are impressive numbers alone, but the report doesn’t even take into account the sales of Samsung’s most recently launched devices, the Gear 2, Gear 2 Neo and Gear Fit.

Instead, the report concentrates on the sales of the original Galaxy Gear smartwatch that was released in September last year alongside the company’s Galaxy Note 3.
Although the report doesn’t take into account reports that as many as 30 per cent of devices sold were returned to shops after purchase, it does show there is a market for wearables.

At the moment it looks like that market is almost all Samsung’s but with LG and Motorola both set to bring a smartwatch out this year and Apple also rumoured to be entering the market, it will be interesting to see how the figures look at the end of the year.

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