Counterpoint: Apple, Xiaomi Lead Q3 as TWS Segment in 2020

 


As per the reports, in the year 2020 the growth of wearable’s like Smartwatches and true wireless stereo (TWS) has been increased. It was mentioned in the report that 29% of TWS products and 28% of smartwatches are been dispatched by Apple. In Q3 2020,  the dispatching of the total ear wear section was ranked as 52% and about 41% by smartwatches. On average the total market in Q3 2020 is 93%.

In Q3 2020 the dispatching details of the wearables are offered by Counterpoint Research as per the new report. Further, it was mentioned that the TWS segment was the biggest growth of the year 2020. In Q3 2020 the dispatching of TWS is about 29% which is followed by Xiaomi that is the 13% market share.

According to the reports, dispatching of wearables of Samsung and JBL are responsible for 5% of TWS shipments in Q3 2020. Realme and Sony was part of the top 10 TWS list, however Sony with 2% of the market share.

 Counterpoint Research senior analyst Liz Lee commented “Building on strong hearable momentum, recent entry into smartwatches and strength in online, Realme could repeat its smartphone success to become 2021's dark horse in wearables”.

 

The annual TWS dispatches will grow 83% to 238 million units expectedly, the report says. However, the smartwatches will grow up to 2% to 100 million marks. There was a big potential in the budget offerings. In Q3 2020 half of the top 10 TWS producers were budget brands with sub-$50 and offered even sub-$20. This plan in Q3 2020 takes spot number 2 and the company which gets huge success is Xiaomi.


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