Smartwatch market slips on Apple decline: Survey

The global smartwatch market took a sharp downward turn in the second quarter on falling sales of the industry-leading Apple Watch, a survey showed.

Research firm IDC stated that global sales of smartwatches tumbled 32 percent from a year ago to 3.5 million units.

However, Apple remained the market leader with an estimated 47 percent market share.

It reported a decline in the sales by more than half from the same period last year to 1.6 million.

The other top vendors including Samsung, Lenovo, LG and Garmin boosted sales over the quarter, according to IDC, which said Apple lost momentum after last year's much-awaited launch and strong holiday season sales.

The survey showed number two vendor Samsung boosted sales 51 percent from a year ago to around 600,000, giving it a 16 percent market share, while, China's Lenovo was third with nine percent, while South Korea's LG captured eight percent and Garmin four percent.