06 May 2022
Technological advancements have enabled several inventions that have turned our lives and the world around. Smartwatches are a testament to that. They’re one of the trendiest accessories you can expect to see on the wrists of almost everyone, regardless of their age and demographics. Features like health updates and tracking have made smartwatches a must-have for all health-conscious people. Connecting the watches with your smartphone through Bluetooth is another perk that appeals to many.
Technology has also ensured that the global smartwatch market remains competitive, with the neck-to-neck competition due to several entries and increased R&D projects. Even amidst this, few businesses remain industry pioneers due to their significant market shares. Below we offer six of the most prominent smartwatch manufacturers worldwide.
Founded in 1976 in America by Steve Jobs, Ronald Wayne, and Steve Wozniak, Apple is the largest smartwatch manufacturer. Headquartered in Cupertino, California, USA, the multinational manufactures software and consumer electronics and offers online services. As of 2022, Apple Inc. has more than five hundred retail stores with over one hundred and fifty thousand employees globally and reported annual revenue of over three hundred and sixty-five billion USD in 2021.
Established in 1938 by Lee Byung-Chul, the Samsung Group is headquartered in Seocho District, Seoul, South Korea. The multinational producing conglomerate has several subsidiaries and offers a range of services, including entertainment, financial services, information and communications technology, retail, and advertising. Its primary products include automotive, clothing, consumer electronics, chemical, DRAM, home appliances, and telecommunication equipment.
Previously known as Healthy Metrics Research Inc., Fitbit is a subsidiary of Google LLC. Developed in 2007 by James Park and Eric Friedman, the multinational specializes in consumer electronics and has headquarters in San Francisco, California. In 2019, the company became the fifth-biggest wearable technology business in shipments. As of 2019, it reported annual revenue of over one billion USD from selling its products in more than a hundred stores internationally.
Established in 1984 by Liu Chuanzhi, Lenovo is a multinational technology business offering designing, manufacturing, and advertising on personal computers, business solutions, consumer electronics, and software. It has three headquarters- in Beijing, Hong Kong, and North Carolina, with Hong Kong’s main one. In 2021, Lenovo recorded over sixty billion USD revenue with around seventy thousand employees working across sixty countries.
Established in 1987 by Huawei Technologies Co. Ltd is the subsidiary of Huawei Investment & Holding. Its headquarters are located in Shenzhen, China, and the multinational caters to its clients worldwide, except in the United States since 2019. It specializes in designing, creating, and selling telecommunication equipment, smart devices, and consumer electronics like IoT, AI, cloud computing, etc. The business owns its brand, Huawei, and has several subsidiaries, including HiSilicon and Honor.
Garmin, also referred to as Garmin Ltd., was founded in 1989 by Gary Burrell and Min Kao. Headquartered in Olathe, Kansas, US, and Schaffhausen, Switzerland, the multinational technology business deals with incorporating GPS technology for sport, marine, outdoor, automotive, and aviation services. Since their launch of wearable technology, they’ve risen to become one of the premium smartwatch manufacturers worldwide. Garmin owns several subsidiaries like Navigon and DeLome and has over sixteen thousand employees.
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