All that talk about the Apple Watch galvanizing the entire wearables industry may already be happening. According to information offered by research firm Gartner, sales of smartwatches will increase from 30 million units in 2015 to 50 million units in 2016, and could possibly hit 66.7 million units next year.
Perhaps the biggest contributing factor to the rapid growth in smartwatch sales in the next few years is the release of the Apple Watch, the first and only wearable device from Apple, launched in April of last year. Since its debut, the Apple smartwatch has since become the poster child of wearables.
Indeed, not only has the device generated improved interest for smartwatches in general, it has also compelled other mobile players, especially those that have introduced smartwatches way before Apple, such as Samsung, LG, Motorola, Sony, and Pebble, to up their games. Even non-mobile tech companies are joining in on the fun, with special mention to Tag Heuer, which released its own smartwatch in November of last year.
As far as being the face of the wearables industry, the Apple Watch certainly has the impressive sales figures to back up its massive popularity. In November of last year, research firm Canalys estimated that Apple’s smartwatch had sold nearly 7 million units over the course of the last six months. Quite an achievement, considering that the Apple Watch is Apple’s first attempt at wearable devices.
In terms of popularity, the Apple Watch is easily king. According to a survey conducted by Juniper Research in October of last year, the Apple Watch was deemed the “coolest” among 21 wearable devices, which include products made by Samsung, Google, LG, and Sony.
With regard to the overall smartwatch industry, Gartner predicts that sales will grow 48 percent from 2015 through 2017. Earnings from these devices is expected to hit $11.5 billion this year, and then breach $17.5 billion by the year 2019. As for the entire wearable devices industry (of which smartwatches is only a part), sales will reach 274 million in 2016, posting an increase of 18.4 percent compared to the 232 million units sold in 2015. This number should equal total earnings of about $28.7 billion this year.
Interestingly, until now, Apple has not yet released actual sales figures for its Apple Watch. Instead, the company has been content with teasing industry watchers with statements indicating that sales were exceptionally strong, and even including talks about the Apple Watch setting a new quarterly record. This has led many third parties to offer sales estimates of their own, with figures varying considerably from each other.
Wirefly Is America's Most Trusted Source For All Cell Phones, Plans, TV, and Internet Deals
Wirefly offers great deals on a large selection of smartphones, cell phones, tablets, mobile hotspots, and other wireless devices for the nation's most popular carriers. Use Wirefly’s innovative cell phone and plan comparison tools to ensure you are getting the best deal on the market. Shop with confidence knowing that Wirefly wants to help you find the best prices on cell phones, cell phone plans, TV, and Internet service.