Worldwide Smartwatch Gross sales Decline for the First Time in 2024, Apple Retains Its First Rank

Market analysis agency counterpoint Report In accordance with, the worldwide gross sales of Smartwatch have come down for the primary time final yr. This market has decreased by about seven p.c. The main purpose for that is the lower in Apple’s shipments. Nevertheless, Apple retained its first place regardless of a fall of about 19 p.c on the year-by-year foundation in shipments. China’s Huawei and Xiaomi’s share on this market has elevated. Huawei has gained about 35 p.c development on a year-on-year foundation. Samsung ranks third with a rise of practically three p.c. The corporate has a powerful demand for Galaxy Watch 7, Galaxy Watch Extremely and Galaxy Watch Fe Sequence.

On this market, Xiaomi has achieved the very best development with about 135 p.c on a year-by-year foundation. Xiaomi has ranked within the prime 5 firms for the primary time. The corporate’s Watch S1 and Redmi Watch collection have a serious contributor to gross sales. China’s development on this section of China is about 22 p.c. This report states that the improve in primary smartwatch is a purpose for lowering gross sales. Fundamental smartwatch market in India has had a serious affect. There are causes like lower in innovation and gradual alternative cycle behind this. Final yr, India’s stake in Smartwatch’s worldwide shipments declined from 30 p.c to about 23 p.c.

For the primary time on this market in China, a lot of the most shipments have been recorded. On this, China has surpassed India and North America area. Countterpoint analysts are anticipated to enhance the demand for wearables this yr. This yr, there could also be restoration out there of Smartwatch and it might register development in single digit. Each Android and iOS smartwatch can combine options and superior sensors associated to Synthetic Intelligence (AI). This could enhance well being information.