Fitbit has been a top competitor on the global wearable market for a long time, but the South Korea giant Samsung managed to steal the silver crown of the wearable market from Fitbit. According to Strategy Analytics, Samsung gained the second position in the global wearable market in the first quarter of this year, overtaking Fitbit for the first time.
The Gear S3 smartwatches were definitely key in overtaking Fitbit. The report shows that Samsung captured 12.8 percent of the global market share in terms of sales, while Fitbit had to settle for 12.1 percent. However, both companies were defeated by Apple, who had a whopping 53 percent market share.
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