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Friday 4 September 2020

Apple Watch Series 5 Was North America's Best Selling Smartwatch in Q2 2020 [Chart]

The Apple Watch Series 5 was the best selling smartwatch in North America during Q2 2020, reports Canalys.

The value of North America's wearable band market in Q2 2020 remained flat year-on-year at US$2 billion, despite shipments growing 10% annually. The average selling price declined 11% to US$235 due to a boom in low-end activity trackers and 30% year-on-year growth for Apple Watch Series 3.

Notably, North America was only one of two regions to grow quarter-on-quarter. Budgeting, likely due to COVID-19, resulted in remarkable growth among lesser known brands of activity trackers.

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Apple Continues to Dominate North American Wearables Market

Apple continued to dominate the North American wearables market in the second quarter of 2020, with a growth of nine percent year-on-year, according to a new report by Canalys.

The shipments of wearables in the North American market grew 10 percent in the second quarter of 2020, but the value of the market remained flat year-on-year. A boom in low-end activity trackers meant that the average selling price of a wearable declined by 11 percent to $235. The surge in more basic devices offset the United States' third consecutive quarter of smartwatch decline.

In spite of this, the Apple Watch Series 5 was America's best-selling smartwatch, matching last year's Series 4 model for shipments. Demand for the ‌Apple Watch‌ Series 3 also grew by 30 percent.

Recent IDC research similarly showed Apple's ongoing dominance of the global wearables market. North America was one of only two regions to demonstrate sustained consumer demand for wearables with quarter-on-quarter growth.

Canalys predicts that going into 2021, medical-oriented devices will move certain products into an elevated tier, creating much stronger differentiation between casual fitness devices and those that offer advanced health tracking. The upcoming ‌Apple Watch‌ Series 6 will likely contribute to this by offering new health-tracking features such as blood oxygen monitoring.

Tag: Canalys

This article, "Apple Continues to Dominate North American Wearables Market" first appeared on MacRumors.com

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Apple Loses $2 Trillion Status Following Largest One-Day Loss in Market Value of Any Company Ever

Following several months of explosive growth, Apple's stock came crashing down on Thursday, dropping around eight percent in a single day. It was the worst day of trading for technology stocks as a whole since March.

Apple's market capitalization slid over $180 billion as a result of the sell-off, marking the largest one-day loss in value for any company ever, according to Barron's. The report claims the previous record was set by Volkswagen in October 2008, when the automaker lost $153 billion in value in a day, shortly after a massive short squeeze.

Apple is down another five percent today as of writing, stripping the company of its $2 trillion status during intraday trading.

Apple's stock price is still twice as high as it was in late March. Despite the global health crisis, the company set a June quarter revenue record of $59.7 billion, buoyed by strong Mac and iPad sales as more people work, learn, and connect with others from home.

Apple recently announced a four-for-one stock split that took effect for shareholders of record as of August 24. Split-adjusted trading began August 31.

Tag: AAPL

This article, "Apple Loses $2 Trillion Status Following Largest One-Day Loss in Market Value of Any Company Ever" first appeared on MacRumors.com

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