While Apple maintained the top spot in the tablet market accounting for 28% of the market share in the first quarter of 2020, tablet sales have been declining worldwide. On the other hand, the tablet market looks a bit different. In fact, estimates from Smartwatch Market Outlook valued the global smartwatch market at $20.64 billion in 2019, and projects that the valuation will reach $96.31 billion by 2027. What's more, the global demand for smart watches/wearable technology does not seem to be slowing down. Thus, Apple Watch sales increased 23% year over year. In the first quarter of 2019, 6.2 million Apple watches were sold whereas 7.6 million Apple watches were sold in the first quarter 2020.
They had a 55% share of the market and were trailed by Samsung and Garmin. In 2019, Apple Watch dominated the wearables market. For example, Apple's portfolio includes (but is not limited to): You might even own some of these products. Apple has a large number of products within its portfolio ranging from hardware, software, and services. company to be valued at over $1 trillion in August 2018.
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