Just last year, the Apple iWatch was launched and instantly, it was a huge hit. In the quarter that followed the launch of the iWatch, it has been able to bring in immense profit for the company by capturing approximately 75.5% of the share in the smartwatch market. According to the predictions from the IDC, the iWatch, along with the watchOS will be able to give tough competition to the present giants of the smartwear field, Pebble OS, Tizen and Android Wear. In the financial year 2016, according to iDC predictions, the iWatch will be able to capture as much as 49.4% of the smartwatch shares in the market.

On the other hand, IDC also predicted that the smartwatch share market for Apple will later drop down to around 37.6% by the end of financial year 2020. As the market for smart wearable object grows day by day, Apple will be able to increase their shipment value to 237.1 million items by the end of 2020. This amount will be a substantial rise as compared to the present shipment value of 110 million for the year 2016. The main decline as stated above will actually not occur due to fewer sales for Apple iWatches. In actuality, the sales will definitely increase with time as it has been seen previously for the years 2015 and 2016. The main decline for the share will be due to the fact that the smart wear market will become more and more competitive as time goes by.

By the time 2020, the number of companies creating and marketing smart wearable items will increase. Along with them will increase the competition and also the number of items. Thus, in a few years’ time, the smart wearable item market will get many more competitors and thus will result in the decrease of market shares for Apple.