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February 9, 2017 12:04 am GMT

Apple dominates the smartwatch market — but competition looms

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With the release of its record-breaking earnings report for the fourth quarter of 2016, Apple silenced its haters (at least for a moment) and gave us fewer reasons to doubt its decision making process. Still, the company won't reveal any specifics about the Apple Watch, but using new smartwatch market projections from analysts, we can take a stab at just how well the Apple Watch sold last year.  

If projections from market research firm Canalys are accurate, the Apple Watch absolutely dominated the wearable market in the last quarter and in 2016 as a whole, setting records and taking up nearly three times the market share of its nearest competitor. That type of dominance is exactly what Apple needs going forward, since the smartwatch field is about to get much more crowded with entries from big name challengers.  Read more...

More about Quarterly Earnings, Fitbit, Android Wear 2.0, Smartwatches, and Wearables

Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/uzBMf0lDn6Y/

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