Chinese tech giant Huami has disclosed it has made over 100 million wearable device shipments since it was formed in the not too distant 2014.
Essential reading: Top fitness trackers and health gadgets
The number was revealed at Huami’s press conference a few days ago which saw the unveiling of Amazfit Stratos 3, the Apple-watch lookalike Amazfit GTS and the futuristic looking Amazfit X fitness band. The first two are available for purchase in China, the fitness band should launch sometime next year. We’ll know more on international availability at IFA in Berlin later this week.
In addition to its line of Amazfit devices, Huami is well known as a manufacturer of the popular Xiaomi Mi Band. At its recent Q&A session to discuss Huami’s Q2 2019 earnings, the company’s founder and chairman Wang Huang was asked if the company plans to continue working with Xiaomi. Wang Huang confirmed that the collaboration will continue and added that they have already started work on Xiaomi Mi Band 5. To remind, Xiaomi Mi Band 4 was launched only a few months ago.
The company’s Q2 2019 earnings totalled CNY 1,038.7 million (USD 151.3 million). This represents a year-on-year increase of 36.6%, largely due to the popularity of Amazfit devices. Its wearable device shipments increased an incredible 53.7% year-on-year to a whopping 8.3 million units for the three month period. They are probably the top-selling brand in terms of wearables right now. Huami recently listed on the New York Stock Exchange (NYSE) where it raised $110 million in capital.
Global shipments of wearables are expected to reach 198.5 million units this year, according to IDC’s Worldwide Quarterly Wearable Device Tracker report. About a half of this will be from smartwatch sales with most of the remainder split equally between ear-wear and fitness bands.
The steady growth is expected to continue in the years to come. In 2023 shipments of wearables will total 279 million units. Smartwatches will increase their share of the market slightly, but the star performer will be ear-worn devices. The inclusion of biometric sensors and smart assistants will give them a boost, says IDC.
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