Apple Sold 5 Million Watches In Q4, 60% Of Global Smartwatch Market

According to analysts at JPMorgan, Apple Inc. (NASDAQ: AAPL) ranks No. 1 within the global smartwatch market.

JPMorgan's analysts, citing data from Strategy Analytics, noted that Apple sold more than 5 million of its Apple Watches in the fourth quarter of 2015. The report suggested that total global smartwatch shipments rose to 8.1 million units in the quarter from 7.9 million Swiss Watch shipments - marking the first time ever that smartwatches have out-shipped Swiss watches.

See Also: Smartphone Sales Grew Almost 10% Last Quarter

The report also added that Apple captured a 63 percent market share of the global smartwatch market in the quarter. Samsung Electronics held the second spot with a 16 percent market share.

Shares of Apple were trading higher by around 0.40 percent at $96.45 Monday morning.