Strategy Analytics reports sales of smartwatches soared to around 700,000 units in the first quarter of this year, representing a year-over-year growth of 250 percent. Samsung is by far the most dominant player in this market with a marketshare of 71 percent. Sony and Peble complete the top three list, both having 11 percent of the market.
"The market was driven heavily by Samsung and its Galaxy Gear model, which is outperforming all major rivals like Motorola and Pebble," wrote analyst Neil Mawston. It is also worth noting that the shipment numbers don't represent how many smartwatches have actually sold to end customers, but it still gives an indication of what retailers are expecting to sell.