Apple already owns 75% of the smartwatch market

apple watch
Credit: Apple

The Apple Watch has only been out for about three months now, but Apple's newfangled wearable already owns a commanding 75% of the growing smartwatch market.

The news comes courtesy of Strategy Analytics which estimates that Apple has already shipped 4 million Apple Watch devices, a figure far higher than the 400,000 smartwatches Samsung is estimated to have sold during the second quarter of 2015.

"Global smartwatch shipments grew an impressive 457 percent annually from 1.0 million units in Q2 2014 to hit a record 5.3 million in Q2 2015," the report notes.

Underscoring the growing popularity of the smartwatch market, the report adds smartwatch sales in the last quarter alone were greater than the cumulative number of smartwatches sold during the entirety of 2014. So while it's still too early in the game to tell predict just how successful the Apple Watch will be years down the line, it stands to reason that Apple's new wearable is already kickstarting the wearables market in much the same way that the iPhone kickstarted the modern day smartphone market.

All that said, Apple has been curiously quiet when it comes to disclosing specific Apple Watch sales figures. Tim Cook, however, did make a point of mentioning during Apple's earnings conference call earlier this week that Apple Watch sales have "exceeded expectations."

Apple's statements in this regard certainly calls into question some previous reports we've seen which have indicated that Apple Watch sales are dropping off significantly. Cook further added that Apple Watch sales are actually on the rise, with more units having been sold in June than in any previous month.

As a final point, Cook added that early Apple Watch sales are already higher than what early iPod and iPhone sales measured in at upon their release.

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