The Cupertino, Calif.-based Apple dominated the 2015 smartwatch market, accounting for some 12 million units, according to the Singapore-based market research firm Canalys.

Canalys estimated Apple Watches accounted for two thirds of all smartwatch shipments. The firm also revealed Samsung returned to second place in Q4 2015, thanks to the improved design of the Gear S2, which drew a much better consumer response than previous wearable efforts from the company. Samsung was followed by Pebble in third place and Huawei in fourth place.

"Cashing in on holiday sales, Apple managed to rack up more than five million shipments in the fourth quarter," Canalys Analyst Jason Low said.

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).