Samsung ships 500,000 Galaxy Gears in Q1 2014, has 71% of the smartwatch market

Samsung ships 500,000 Galaxy Gears in Q1 2014, has 71% of the smartwatch market
Whether you like them or not, smartwatches are here to stay and the current leader on the market for wearables is unsurprisingly none other than Samsung. According to a report by Strategy Analytics, the tech giant from the Far East had 71% of the market during the first quarter of the year, as it shipped 500,000 smartwatches during the trimester.

But what's more interesting is that the manufacturer grasped the lion's share of the market by only selling the original Galaxy Gear smartwatch. The second generation of Samsung's wearables, the Gear 2 and the Gear 2 Neo, got unveiled back in February, but they didn't hit the shelves until April 11, which is in Q2. If we take into consideration that the Gear 2 and the Gear 2 Neo are arguably way better than the Galaxy Gear, we can presume that Samsung might ship even more units of its new wearable gadgets in the upcoming months.

Strategy Analytics' report also reveals that the worldwide market for smartwatches scored a substantial 250% increase in Q1 2014 in comparison with the same period back in 2013. We would wager that with upcoming and anticipated smartwatches, such as the Moto 360, the LG G Watch, and the highly-rumored iWatch, this number might go even higher. What's more, it will be more than curious to see if Samsung will continue to be the major player on this relatively new market niche or its rivals will quickly diminish the company's dominant presence.

source: Strategy Analytics via SamMobile

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44 Comments

1. fouadqr

Posts: 326; Member since: Nov 21, 2012

Waiting for NOKIA *not MS* Smartwatch ..

2. skyline88

Posts: 696; Member since: Jul 15, 2013

Nokia Luwiatch

30. sgodsell

Posts: 6665; Member since: Mar 16, 2013

Samsung has some great deals on for some of their smart watches right now. When you buy a Galaxy S5, some carriers will give you the option to buy a Gear Neo for $49 as well. Which is really worth that price for a smart watch like the Neo. In fact the Neo is a stand alone universal remote. Never mind all the other features that the Neo has.

3. Felix_Gatto

Posts: 942; Member since: Jul 03, 2013

Not gonna happen.... Keep my words!!!!

5. fouadqr

Posts: 326; Member since: Nov 21, 2012

Will see..

9. Felix_Gatto

Posts: 942; Member since: Jul 03, 2013

If it's real, then it will not carry the Nokia name.

38. The13thKing

Posts: 849; Member since: Feb 26, 2014

nokia is dead, maybe a zombie graveyard smartwatch? who would care about a nokia smartwatch 520/620 lumia users? (which account for more than 70% of nokia sales)

4. Felix_Gatto

Posts: 942; Member since: Jul 03, 2013

Smartphone alone is enough for me.

6. Sauce unregistered

Ships 500,000 Sells thirty a month. Once Moto 360 comes out, Samsung can kiss their McDonalds kids meal toy goodbye.

8. Felix_Gatto

Posts: 942; Member since: Jul 03, 2013

I'm not sure that Moto 360 will affect that much on Gear sales, since most of Moto devices are not available worldwide.

32. buccob

Posts: 2946; Member since: Jun 19, 2012

You are correct... but man, the moto 360 is by far the best smartwatch design out there... I really hope Moto gets popularity for this

11. rd_nest

Posts: 1656; Member since: Jun 06, 2010

Still waiting for that secret warehouse where Samsung hides it's phones/smartwatches. Retailers must be really stupid to order these from the time of Galaxy S. They must do something really amazing to make billions of profit every Quarter while not selling anything.

24. MEeee

Posts: 388; Member since: Oct 19, 2011

Are you really blind are just being ignorant. I worked in downtown Los Angeles and most of the people I've seen are using either Galaxys or iPhones.

26. Sauce unregistered

NYC Big Apple here, haven't seen a single one. Maybe youre the blind one mistaking Februarys kids meal toy of the month: Dora The Explorer and Boots Orange Edition.

31. rd_nest

Posts: 1656; Member since: Jun 06, 2010

You haven't seen a single one! Such a shame.. Do you realize that it doesn't really matter whether you see or not?

33. Sauce unregistered

You're right. They're all hiding in a Samsung warehouse thats off the books hahahah

41. The13thKing

Posts: 849; Member since: Feb 26, 2014

you only see miniature featureless iCr@ps.

40. The13thKing

Posts: 849; Member since: Feb 26, 2014

hahahahahaa living in dreams lmao. he likes to picture samsung not selling anything while his brand is the one with financial probs and nobody wants it

43. Sauce unregistered

Ok normally I wouldnt respond to such a stupid post (seriously, are you that stupid?) Apple. Financial Problems? LMFAOOOOO The richest tech company im the world has enough money to support your next 100,000,000 generations of kids, grandkids, etc etc etc.

44. The13thKing

Posts: 849; Member since: Feb 26, 2014

man.. wow calm down. My reply was to the other post, not yours. I replied to rd_nest. make sure you check before commenting. why the hell would I say this about apple?

12. MEeee

Posts: 388; Member since: Oct 19, 2011

Haters are being stupid. Gears 2 were sold out at Best Buy and AT&T online and in-store around 3 weeks ago. I just sold couple of Gear 2 eBay and Craiglist in the past weeks making around around $40 each. AT&T online offers 25% off. Most AT&T stores are still sold out. Go check yourself. Typical iGnorants.

18. CreeDiddy

Posts: 2107; Member since: Nov 04, 2011

When there is only a limited inventory/quantity that available then is sold out, that doesn't say much. It's like saying Nexus 5 was sold out many times on Google's website, but that doesn't mean it is selling millions.

14. T.Law

Posts: 423; Member since: May 10, 2014

Please use your brain before posting stupid comment.

16. maherk

Posts: 6658; Member since: Feb 10, 2012

I am not sure if you're actually a stupid person or you tend to act stupidly. Gear 2, Neo, and the fit were sold out on their 2nd day in every store in the US, I had to wait 2 weeks to get my Gear Neo and I love it.

19. AJagtiani

Posts: 466; Member since: Apr 24, 2014

Butthurt Apple fan detected !

21. maherk

Posts: 6658; Member since: Feb 10, 2012

He is a Sony fanboy actually, a very annoying one.

28. Sauce unregistered

Looks like you are the butthurt one, lmfao.

22. MEeee

Posts: 388; Member since: Oct 19, 2011

As of now the $300 Gear 2 is still sold out at Best Buy online and in-sotres. Ebay Gear 2 Neo autions is still going at least $190.

27. Sauce unregistered

Thats funny. I was just in best buy. The Samsung rep was strongly suggesting I buy one lmfao

42. The13thKing

Posts: 849; Member since: Feb 26, 2014

that's funny, you love lying.

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