Advertisement
Canada markets open in 5 hours 10 minutes
  • S&P/TSX

    22,375.83
    +116.63 (+0.52%)
     
  • S&P 500

    5,214.08
    +26.41 (+0.51%)
     
  • DOW

    39,387.76
    +331.36 (+0.85%)
     
  • CAD/USD

    0.7311
    -0.0001 (-0.01%)
     
  • CRUDE OIL

    79.64
    +0.38 (+0.48%)
     
  • Bitcoin CAD

    86,049.12
    +2,218.28 (+2.65%)
     
  • CMC Crypto 200

    1,307.42
    -50.59 (-3.73%)
     
  • GOLD FUTURES

    2,373.60
    +33.30 (+1.42%)
     
  • RUSSELL 2000

    2,073.63
    +18.49 (+0.90%)
     
  • 10-Yr Bond

    4.4490
    -0.0430 (-0.96%)
     
  • NASDAQ futures

    18,241.75
    +27.25 (+0.15%)
     
  • VOLATILITY

    12.80
    +0.11 (+0.87%)
     
  • FTSE

    8,426.31
    +44.96 (+0.54%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • CAD/EUR

    0.6777
    -0.0001 (-0.01%)
     

Apple has stolen the wearables crown from Fitbit thanks to the Apple Watch (AAPL, FIT)

Apple's smartwatch is the gadget of choice in the global market for wearable devices. The Apple Watch, first released in 2015, appears to be catching on with consumers and now dominates the nascent wearables market.

Although Apple does not disclose sales figures of its Apple Watch, this chart by Statista, based on data from industry research firm IDC, shows that Apple took the top spot in 2017. The addition of cellular connectivity to the new model of the Apple Watch, along with the struggles at Fitbit, the previous market leader, contributed to Apple's big year. If Apple can continue to grow its wearables business at the same rate in 2018, its lead is likely to get larger. 

Tech CoD Graph
Tech CoD Graph

Jenny Cheng/Business Insider

ADVERTISEMENT

NOW WATCH: Why does Bluetooth still suck?

See Also:

SEE ALSO: Netflix now spends more on programming than Viacom — and it has Disney in its sights