According to a new report by Strategy Analytics, Samsung captured 71% of the global smartwatch market in the first quarter of this year. Total smartwatch shipments for the first three months of the year totaled roughly 700,000. This total unit sales figure shows a year-over-year increase of 250% from the first quarter of 2013, which bodes well for the growing wearables segment.
Samsung Gear shipments totaled nearly 500,000. This vastly out performed main rivals Pebble, Sony, and Qualcomm (with its Toq watch). Pebble and Sony each shipped about 80,000 units during this time period, or roughly 11% market share each. Motorola and Qualcomm followed with about 10,000 units sold each or roughly 1.4%.