Apple remained the main smartwatch producer on this planet, backed by the late launch of Apple Watch 7, as international smartwatch shipments hit a 13% on-year progress within the January-March quarter regardless of an financial slowdown and inflation, a brand new report reveals. Samsung secured its place in second, because of the recognition of the Galaxy Watch 4 Series, whereas Huawei, Xiaomi, and Garmin rounded off the highest 5.
Xiaomi had a record-high quarter as shipments registered a 69% on-year progress.
According to Counterpoint Research knowledge, Apple registered a 14% on-year improve in shipments throughout the quarter below overview. Some shipments carried over to the quarter attributable to delayed launch of Apple Watch 7, serving to the tech large retain its high spot with 36.1% share (see Counterpoint graphic) of the worldwide smartwatch market.
Counterpoint Research Associate Director Sujeong Lim mentioned: “Although the global smartwatch market saw little growth in 2020 due to the impact of Covid-19, it has continued to perform well since its rebound last year.”
“In particular, Apple accounted for more than a third of the total shipments last year, and it is further increasing its influence with a market share of 36 percent in the first quarter of this year.”
Korean electronics large Samsung recorded a 46% on-year progress in shipments due, fuelled by larger gross sales within the Asia-Pacific area the place the Galaxy Watch 4 drove gross sales. Samsung’s international market share stood at 10.1% within the quarter. Huawei’s progress was flat at 7.2% attributable to its weak place within the worldwide market.
Its Chinese peer, Xiaomi, nonetheless, recorded the utmost on-year progress at 69% because it elevated its penetration of worldwide markets. Wearables within the low-end phase (below $100 or Rs 7,800) helped it seize a 5% market share.
Garmin ranked in fifth place with a 4.3% market share, however was third on income phrases.
By area, solely Europe had flat progress (see Counterpoint graphic).
Lim mentioned: “We initially expected the war between Russia and Ukraine to have minimal impact on the market in Q1, but the prolongation of the conflict and the resulting logistical constraints have begun to affect the European region. The impact of the war will become more serious in Q2.”
Source: www.financialexpress.com”