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Apple Watch Outpaces Wearables Market Growth to Reach Top Spot

Market research company IDC reported that Apple (AAPL) Watch shipments rose 38.4% YoY (year-over-year) to 4.7 million units in the second quarter, much higher than overall wearables market growth of 5.5% in the period. Apple’s share in the wearables market rose from 13% in the second quarter of 2017 to 17% in the second quarter 2018 and replaced China’s (FXI) Xiaomi as the leading player in the space. Its market share fell from 12.8% to 9.5%.

First found on: uk.finance.yahoo.com And then on: 1 other references