Samsung claims 70% of smartwatch market as shipments double

Over half a million Samsung Galaxy Gear smartwatches have been sold into the channel
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Samsung’s Galaxy Gear smartwatches now make up 70 percent of the market, outperforming rival models from Pebble and Motorola.

A report on wearable technology published by analyst Strategy Analytics also revealed that global smartwatch shipments grew by 250 per cent in Q1 2014.

Over half a million Samsung Galaxy Gear smartwatches have been sold into the channel, making one in seven smartwatches sold a Samsung device.

Strategy Analytics’ research observed products available during the first three months of 2014, meaning that Samsung’s newer Gear 2, Gear Neo and Gear Fit – which were announced at CES in January – didn’t count towards the numbers.

The rest of the smartwatch market is split between firms such as Intel, Motorola, Sony and smaller independent vendors such as Kickstarter success Pebble.

Samsung rival Apple has long been rumoured to be developing a smartwatch of its own, but how such a device could impact sales of Samsung’s multi-generation wearable technology offering remains to be seen.

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