Google shares closed higher in the US Wednesday, as a new report showed the tech giant’s Google Home Mini was the top selling smart speaker in the second quarter of the year. Research placed Amazon’s Echo Dot in second place and together they accounted for some 38% of all smart speaker sales during the period.
Google shares ended the US Wednesday trading session higher at $1,174.27. The stock is also a little higher pre-market, too.
Google’s Home Mini speaker
The Google Home Mini smart speaker is proving a success story so far this year. According to research from Strategy Analytics, 2.3 million Google Home Mini smart speakers were sold between April and June this year, accounting for 20% of total smart speaker sales.
Amazon’s Echo Dot come in at second, selling 2.2 million speakers and taking 18% of the market. Amazon Echo was in third, followed by Alibaba Tmall Genie in fourth and Google home in fifth.
Together, the top five selling smart speakers totalled 7.5 million sales, accounting for 64% of the entire smart speaker market.
Apple’s HomePod, meanwhile, was not among the top five best selling smart speakers, although they did take up 16% of wholesale revenues, Strategy Analytics research showed.
Smart speaker options grow
While it was no real surprise to see Google and Amazon at the top of the smart speaker sales list, their dominance was notable, particularly considering how quickly the home smart speaker market is growing.
“The number of smart speaker models available worldwide has grown significantly over the last twelve months as vendors look to capitalize on the explosive market growth,” said Strategy Analytics VP, David Mercer.
“Heavyweight brands such as Samsung and Bose are in the process of launching their first models, adding further credibility to the segment and giving consumers more options at the premium-end of the marker,” Mercer added.