Chinese Companies Erode Apple's Lead in TWS Market – Xiaomi Ranks Second in 2Q 2020
According to Counterpoint Research, in the second quarter of 2020 Apple's true wireless stereos (TWS) accounted for 35% of total global shipments, followed by Chinese vendor Xiaomi and the Korean electronic giant Samsung.
The release of Apple's (AAPL:NASDAQ) Airpods at the end of 2016, along with the headphone jack-free iPhone, defined the new electronics category – true wireless stereos. As the Airpods were the first, and the patents around realizing a 'no time lag' in data transmission between two points of Bluetooth connection are kept secret by Apple, Apple enjoyed a complete lead in this category for the first two to three years. However, as related technology breakthroughs have been made by both Chinese and American electronics companies, TWS products with lower prices and similar functions with Airpods have been invented and taken away customers from Apple.
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