Samsung is Smartwatch Leader in Q1 as Shipments More than Double (AAPL) (GOOG)

The market for smartwatches is growing at a rapid click just as Apple (Nasdaq: AAPL), Nokia (NYSE: NOK), and others might start releasing their own version of the wearable later this year.

Strategy Analytics said about half-a-million smartwatchews were shipped in Q1, a 250 percent gain over the prior year. That covers shipments, not sales.

Samsung led the way with 70 percent of the market. Numbers don't include the Gear 2, Gear 2 Neo, and Gear Fit devices.

While sales might be floundering right now, the introduction of Google (Nasdaq: GOOG) Android Wear and an iOS-based device from Apple might pique more interest in the segment.

Shares of Apple are up 1.4 percent.

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