Apple Watch enters the medical industry
Editor’s note: This article comes from the WeChat public account “US Stocks Research Institute ” (ID: meigushe), author NAMRATA SEN CHANDA.
A report from Strategy Analytics shows that in the third quarter of this year, Apple Watch shipments soared more than 51% year-on-year. In the quarter from July to September, Apple sold 6.8 million smart watches. At the same time, global smartwatch shipments in the third quarter were 14 million units, which means Apple has a 48% market share.
Strategy Analytics executive director Neil Mawston said: “Apple Watch continues to withstand strong competition from hunger rivals such as Fitbit and Samsung. Apple Watch accounts for half of the global smart watch market. And maintain a clear industry leadership.”
After Apple, Samsung is Samsung, with a market share of 13.4% and shipments of 1.9 million units. Steven Waltzer, senior analyst at Strategy Analytics, said: “The recent launch of new models such as Galaxy Watch Active 2 should enable Samsung to upgrade its global intelligence in the upcoming fourth quarter holiday season. The status of the watch market.”
It is worth noting that Fitbit lost to Samsung in the third quarter. Fitbit shipped 1.6 million units with a market share of 11.3%. “Fitbit continues to be lower than the average of the smartwatch industry. Fitbit has struggled to compete with Apple Watch in the high-end smartwatch market, and its latest Versa Lite is difficult to inspire consumer interest in the low-end market.
Google acquires Fitbit
As Google acquires Fitbit, we may see it become more powerful in the field of wearables next time. Google plans to reinvigorate Wea with the advantages of Fitbit in health and fitnessr OS. The latter also needs a reliable partner, such as Google, to deal with smart watch competitors such as Apple and Samsung.
Mawston also participated in the acquisition. He said: “One of the big questions everyone is talking about now is what Google is going to do with Fitbit. Will Google expand or shrink Fitbit’s famous hardware, operating systems, healthcare, sports and fitness services.”
The merger of fitbit and Google is unlikely to have much impact on Apple. At least in the short term. Fitbit is more like a fitness tracker, while Apple Watch is a more powerful smart watch. See why Apple doesn’t need to worry about Google’s acquisition of Fitbit.
Apple Watch will continue to focus on advanced healthcare
For Apple, there is one factor that is outstanding. Overall, the global smartwatch market grew by 42% year-on-year, but Apple’s shipments increased more than the market. In addition, Samsung and fitbit are the world’s second and third largest runners in the smart watch market, and the gap between Apple and Apple’s shipments is huge.
In the fourth quarter of FY 2019, the wearable device business revenue increased by more than 50%. This growth is due to Apple Watch and Airpods. The company did not disclose its equipment shipments in its official documents. Therefore, the Strategy Analytics report is critical to investors when measuring the strength of Apple Watch in the market. Apple Watch 5 was released last September, so this report only considers some of them.
But in order to maintain the first position, Apple Watch needs to improve its health care function. It must be the preferred medical tool with new, cutting-edge features. Apple Watch has been able to measure atrial fibrillation, and its dyskinesia manager can track the symptoms of Parkinson’s disease. I expect Apple to continue to add more high-tech disease trackers to smart watches.
Apple focuses on cardiology
According to the NBC Financial Channel on October 30, Apple recently hired the famous cardiologist David Tsai. Tsay is a professor of cardiology at Columbia University Medical Center and a deputy chief transformation officer. Also Alexis Beatty, who was hired more than a year ago, became the first cardiologist hired by Apple.
By hiring top cardiologists, Apple made it clear that they valued the monitoring of heart health. A study from reports and data shows that by 2026, the cardiovascular device market will grow at a compound annual growth rate of 6.8% to $69.08 billion. Apple seems to be in existenceThe status of profit will gain the greatest advantage from this booming opportunity.