Apple once again leads the wearable market, followed by Xiaomi and Fitbit

Report: Apple is back to being the world's top wearable maker

After a short disruption by Xiaomi, Apple Inc. The final entry in the top 5 is Samsung with 5% of the market.

Apple saw strong interest in its updated Apple Watch Series 3 smartwatch in the third quarter, but most buyers opted for models without the most-touted new feature: cellular connectivity. "In fact, our entire wearables business was up 75% year over year in the fourth quarter and in fiscal 2017 already generated the annual revenue of a Fortune 400 company".

According to market tracker Canalys, Apple shipped 3.9 million watches in the third quarter, but only 800,000 with an LTE wireless modem included.

China's Xiaomi, which was the No. 1 vendor in the second quarter, fell to the No. 2 spot with 3.6 million units, while Fitbit (NYSE: FIT) came in at No. 3 with 3.5 million units shipped. It also gave Apple 23 percent of the market, putting it fractionally ahead of the 21 percent for Xiaomi, the Chinese firm that was briefly top of the industry for the first time in the previous quarter.

Smartphone makers Huawei and Samsung also make their own series of smartwatches, some of which are created to rival the Apple Watch, but have had to contend with 6% and 5% share, respectively.

Traditionally, the third-quarter is seen as the weakest period for sales as potential buyers hold off until the holidays, but according to Canalys, all top vendors registered a growth in shipments. We began shipping Apple Watch series 3 just six weeks ago and customers love the new freedom of cellular.

The analyst says the cellular LTE Apple Watch Series 3 has proved popular, with demand outstripping supplier and carriers surprised by the demand for the cellular Watch ...

During Apple's latest financial conference call, Apple's CEO highlighted the Apple Watch in his opening statement. The Chinese government has now disabled the Apple Watch LTE access due to apparent security concerns, but the once the issue is resolved, Canalys expects strong demand from the Chinese buyers as well, according to 9to5mac.

At 9.53 a.m. EST, Apple shares were down 0.57% at $173.02.

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