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Samsung Shipping Half a Million Smartwatches in Q1 2014 is a Real Market Yawner

10AB - News - Opinion
In the first quarter after releasing the revolutionary iPad in April 2010, Apple sold 3.27 million iPads. Now that's what sales of a winning new product should look like out of the gate. In contrast, Samsung's Gear smartwatch that's been out for six months now only shipped 500,000 Gear watches in Q1 2014. Yet that tiny amount was boasted by Strategy Analytics as representing a 250% growth factor for the wearables segment led by Samsung that now holds 71% of the global smartwatch market. That means that 7 out of 10 smartwatches being shipped are those from Samsung. That's a lot of empty hoopla for a product that only shipped 500,000 units.

 

Earlier this week the Mac Observer noted that an analyst over at Global Equities Research by the name of Trip Chowdhry had made a dire prediction that if Apple didn't introduce an iWatch in the next 60 days that they'd disappear. Chowdhry added that "It will take years for Apple's $130 billion in cash to vanish, but it will become an irrelevant company ... it will become a zombie, if they don't come up with an iWatch."

 

What pet store did Chowdhry get his license from to make such an absurd statement? More importantly, why does CNBC invite such guests on their show that simply invent outrageous statements to get airtime?

 

In the end, Samsung shipped a measly 500,000 smartwatches, with very little competition. For Apple, that's no more than being a hobby product. Since when did missing out on a hobby product determine whether a technology leader will live or die? Never is when.

 

Chowdhry has now proven to be no more than your typical hysterical Android Jihadist that thinks that being first to market with anything equates to leadership. Strategic Analytics isn't much better trying to make the smartwatch market out to be the next iPad phenomena when in fact it's not and won't be at this stage in time. It's not even on the same plane. Then again, Strategic Analytics is noted for working with funny numbers to make Samsung shine over Apple as does IDC.

 

The bottom line is simple: Samsung's Gear 2 smartwatch revolution is anything but a revolution. In fact, it's a real yawner. Though to be fair to Samsung, perhaps we could all look forward to Gear 99, the smartwatch that will finally crack the market. That's only 97 more iterations to go. I just can't wait.

 

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