Apple retained its prime spot buoyed by the late launch of Apple Watch 7 as the worldwide smartwatch shipments recorded a 13 p.c development on year-over-year (YoY) foundation in Q1 2022 regardless of considerations over financial slowdown and inflation, as per a report. Samsung solidified its second place with the recognition of Galaxy Watch 4 collection. Huawei, Xiaomi, and Garmin accomplished the highest 5 checklist with Xiaomi performing properly with its record-highest quarterly shipments registering a 69 p.c YoY development within the quarter.
As per the Counterpoint Analysis, maintained a strong lead and registered a 14 p.c YoY improve in Q1 2022. Because of delayed launch of Apple Watch 7, some shipments carried over to Q1 2022 serving to the iPhone-maker to retain its prime spot globally with 36.1 p.c market share.by
“Though the worldwide smartwatch market noticed little development in 2020 as a result of influence of Covid-19, it has continued to carry out properly since its rebound final 12 months. Specifically, Apple accounted for greater than a 3rd of the whole shipments final 12 months, and it’s additional growing its affect with a market share of 36 p.c within the first quarter of this 12 months,” stated Affiliate Director Sujeong Lim.
The second place went to, which registered a 46 p.c YoY improve in shipments on account of its development within the APAC area steered by the recognition of Galaxy Watch 4 collection. The South Korean big grabbed 10.1 p.c of the worldwide market share. In third place development remained flat YoY (7.2 p.c share) by way of shipments on account of its weak place within the worldwide market.
One other Chinese language model,, registered the utmost (69 p.c) YoY development with its elevated penetration within the worldwide markets. The report says that Xiaomi’s gross sales rode on the gross sales of low-end section wearables (beneath $100, or roughly Rs. 7,800), and grabbed 5 p.c market share.
The Counterpoint report additionally says that(4.3 p.c share) ranked fifth by way of shipments, however was third by way of revenues on account of its increased ASP. “It occupies the bulk portion within the premium section over $500 (roughly Rs. 38,850),” the report famous. It’s adopted by (4 p.c) which rode the success of the GTR 3 and GTS 3 collection launched within the fourth quarter of 2021.
One other participant iswhich noticed its gross sales lower. It merged with , and seems to be present process an inner reorganisation. There have been no fashions launched final 12 months, and the transition to Put on OS was additionally delayed. It captured 2.7 p.c of market share.
The Counterpoint report says that the majority main areas grew YoY, however Europe recorded a flat development.. “We initially anticipated the struggle between Russia and Ukraine to have minimal influence in the marketplace in Q1, however the prolongation of the battle and the ensuing logistical constraints have begun to have an effect on the European area. The influence of the struggle will turn into extra critical in Q2,” Lim added.