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Global Smartwatch Shipments Overtake Swiss Watch Shipments in Q4 2015

02/18/2016

According to the latest research from Strategy Analytics, global smartwatch shipments reached 8.1 million units in Q4 2015, compared with 7.9 million Swiss Watch shipments. It is the first time ever that smartwatches have outshipped Swiss watches on a global basis.

Cliff Raskind, Director at Strategy Analytics, said, “We estimate global smartwatch shipments reached 8.1 million units in Q4 2015, rising a healthy 316 percent from 1.9 million in Q4 2014. Smartwatches are growing rapidly in North America, Western Europe and Asia. Apple Watch captured an impressive 63 percent share of the global smartwatch market in Q4 2015, followed by Samsung with 16 percent. Apple and Samsung together account for a commanding 8 in 10 of all smartwatches shipped worldwide.”

Steven Waltzer, Analyst at Strategy Analytics, added, “We estimate global Swiss watch shipments reached 7.9 million units in Q4 2015, falling 5 percent from 8.3 million in Q4 2014. Global demand for Swiss watches is slowing down, and major players like Swatch are struggling to find growth.”

Neil Mawston, Executive Director at Strategy Analytics, added, “The Swiss watch industry has been very slow to react to the development of smartwatches. The Swiss watch industry has been sticking its head in the sand and hoping smartwatches will go away. Swiss brands, like Tag Heuer, accounted for a tiny 1 percent of all smartwatches shipped globally during Q4 2015, and they are long way behind Apple, Samsung and other leaders in the high-growth smartwatch category.”

Exhibit 1: Global Smartwatch vs. Swiss Watch Shipments in Q4 2015 [1]

Global Shipments (Millions of Units)       Q4 '14     Q4 '15
Smartwatch 1.9 8.1
Swiss Watch 8.3 7.9
Total 1.9 8.1
Global Shipments Growth: Year-over-Year (%) Q4 '14 Q4 '15
Smartwatch ~ 315.6%
Swiss Watch ~ -4.8%
Total 100.0% 100.0%
 
Source: Strategy Analytics

The full reportSmartwatches Outsell Swiss Watches in Q4 2015, is published by the Strategy Analytics Wearable Device Ecosystems (WDE) service, details of which can be found here.

About Strategy Analytics:

Strategy Analytics is a global, independent research and consulting firm. The company is headquartered in Boston, USA, with offices in the UK, France, Germany, Japan, South Korea, Taiwan, India and China. Visit www.strategyanalytics.com for more information.

[1] Numbers are rounded. A “Swiss watch” is an iconic product category and is defined as a wristwatch produced and shipped from Switzerland. A “smartwatch” is an emerging product category and is defined as a computerized wristwatch with a high-level or expandable operating system produced and shipped from any country worldwide.

Americas Contact:
Cliff Raskind, +1 617-614-0727
CRaskind@strategyanalytics.com
or
EMEA Contact:
Neil Mawston, +44 1908 423 628
NMawston@strategyanalytics.com
or
Asia Contact:
Steven Waltzer, +1 617-614-0758
SWaltzer@strategyanalytics.com

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