Apple Stock News: Apple is the leader of the Smartwatch Market

Apple Stock News

For the latest Apple Stock News, AAPL closed at $128.75 on Wednesday, February 2, 2017 with a 0.23% gain, or $0.30 from its previous close of $128.45 per share.

Smartwatch market

The Internet of Things -IoT, is an impressive market. This term referred to the connected objects. Last figures disclosed following Apple Earnings Q4 are significant. In 2016, the smartwatch market represented a record of 21.1 million sales. And Apple is the leader of this business with more than 60% of market share. CEO Tim Cook revealed last night Apple makes its best quarterly results so far (Barron’s).

As the first version, the second updated encountered a real success. The demand towards the new product has been surprisingly strong. This enabled Apple to lead the field well ahead from Samsung. The Korean company only sold 800 000 units in 2016. Neither figures were disclosed by Apple ; But the Research firm Strategic Analysts estimated them to 5.2 million units.

Apple had to deal with competition in China. Their sales here decreased due to aggressive expansion of Chinese companies around the world regarding smartphone sales. However, Apple is still the dominant supplier of smart-watches worldwide. Their weak product portfolio as well as their limited retail presence are at stake. In the context of the 10th anniversary of the iPhone, Apple is expected to launch the Apple Watch Series 3 this year.

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