Smartwatch shipments jump 250%

Global smartwatch shipments jumped 250 percent already this year as Samsung released new products and dominated the smart watch category.

Samsung shipped roughly 500,000 units in the first quarter of 2014 and now controls nearly 29 percent of the market according to a report by Strategic Analytics. Nearly 700,000 smartwatches were shipped in total. According to the report's author, Neil Mawston, Samsung's Galaxy Gear is outperforming all major rivals like Motorola and Pebble.

The fledgling smartwatch category is just getting started. There's the upcoming launch of Google's (NASDAQ:GOOG) Android Wear OS designed for wearables later this year, with products confirmed from Asus, Fossil, HT, LG, Motorola and Samsung. There is also the long rumored iWatch from Apple that many expect will be announced by the fourth quarter, a move that could really cause interest in smartwatches to explode.

Shipments aren't the same as sales, but Amazon's new wearables shop certainly seems to put a stamp of approval on the category and IDC predicts 19 million wearable units will be sold this year, driven primarily by complex accessories such as Fitbit devices, Jawbone's UP bracelet and the Nike+ FuelBand. Smart accessories, or watches, including the Pebble smartwatch, Samsung GALAXY Gear and the Sony SmartWatch, will also take "a giant step forward," according to IDC.

For more:
-See this report from Strategic Analytics
-See this VentureBeat story

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It's time: Google unveils 'Android Wear' watch
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