Xiaomi is about to be world's number 1 wearable company

Xiaomi is about to be world's number 1 wearable company

While Apple doesn't break out specifics for Apple Watch sales, it did say it achieved record numbers for both units and revenue during the important holiday period.

Shipments for the fourth quarter totaled 33.9 million units, up almost 17% on the same period in 2015.

Lending direction and focus to the market, executives of leading smart wearables platform providers Apple's WatchOS and Android Wear recently pivoted towards fitness and health wearables, the only wearable market drivers that's proven to have any staying power with consumers, IDC highlights.

The total number of shipments for the quarter reached 33.9 million, an increase of 16.9% year-over-year, with shipments for the full year growing by 25%.

Apple shipped an estimated 4.6 million Apple Watch units in the fourth quarter of 2016, up from an estimated 4.1 million in the year-ago quarter, according to IDC.

"Basic wearables started out as single-purpose devices tracking footsteps and are morphing into multi-purpose wearable devices, fusing together multiple health and fitness capabilities and smartphone notifications", said Ramon Llamas, research manager for IDC's Wearables team. Smartwatch sales were down - with AAPL doing worse than most - and some analysts were calling for a miserable Q4. Its 2016 share, however, declined by some 5% to 22% as Xiaomi and other low-priced vendors closed in.

"Meanwhile, smart wearables are also evolving".

It seems that Fitbit is struggling to retain its position as a top-notch wearable manufacturer is the wearable industry, and speculations suggest that the company will soon lose its title to Apple or Xiaomi.

Despite a decline in the number of units shipped, Fitbit still leads with a market share of 19.2 percent, which is a 9.8 percent decrease from the same quarter a year ago. As a result, the company could occupy the fifth slot in the wearable segment.

Improving shipments of ear-worn devices, referred to in the report as "hearables", and clothing with sensors woven in, while still relatively tiny, showed promise that the market is becoming about more than just wrist-worn devices, according to IDC.