Rivals Chipped Away at Apple's Smartwatch Dominance in Q1

Apple (NASDAQ: AAPL) has long been the clear leader in the smartwatch industry with its popular Apple Watch. However, data released this week by market researcher Canalys suggests that rivals are starting to make progress in chipping away at the Mac maker's market share, even as the broader smartwatch market was able to squeeze out decent growth in the first quarter despite the COVID-19 pandemic.

Here's what investors need to know.

Image source: Apple.

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Source Fool.com