Apple Watch continues to dominate the rising world smartwatch market

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In a rising world market, the Apple Watch It continues to dominate with greater than 3 times the market share of its closest competitor, Samsung.

New analysis claims that world smartwatch gross sales elevated 13% within the second quarter of 2022, in comparison with the identical interval in 2021. Information follows earlier search By saying that first-quarter 2022 gross sales had been up 13% year-over-year.

in line with Counterpoint Analysis, Apple shipments elevated 8% 12 months over 12 months. Nevertheless, the analysis firm notes that, with the Apple Watch launch cycle nearing its finish, “the decline in Apple Watch 7 sequence shipments has change into bigger in comparison with the earlier quarter.”

Ultimately, though Apple remained within the lead by a big margin, its market share within the second quarter of 2022 fell to 29.3%. This compares with 30.6% within the earlier 12 months.

Counterpoint Analysis says the financial slowdown in China has seen a drop in smartwatch gross sales within the area. On the similar time, the overall smartwatch market in India has grown by over 300%.

Thus, whereas the US stays the biggest purchaser of smartwatches, India has climbed to the second place. It pushed China to 3rd place and Europe to fourth place.

By way of particular sellers, there was additionally a change between the second quarter of 2021 and the second quarter of 2022. Samsung has now elevated its share from 7.4% to 9.2%, elevating it from third to second place general.

Source: Counterpoint Research

Supply: Counterpoint Analysis

Huawei, the second place holder, noticed its share decline from 9% to six.8%, inserting it in third place.

Counterpoint studies that its smartwatch numbers embrace finances fashions.

“Through the quarter, 30% of the fashions shipped within the Indian market had been bought for lower than $50,” stated Affiliate Director Sujeong Lim. “Main home manufacturers launched cost-effective fashions, which lowered entry limitations for shoppers.”

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