The demand for wearables, together with smartwatches, earphones and extra, is on the rise even when different segments are witnessing a hunch as a result of inflation. Based on a latest report from Counterpoint, the wearable phase noticed a development of 13 per cent between January to March 2022, i.e., Q1 2022.
Apple, Samsung and Xiaomi went on to file a rise within the shipments within the first quarter of 2022. As per the report, Apple maintained its first place with a market share of 36.1 per cent, witnessing a 14 per cent year-on-year development. The report additionally means that the late arrival of Watch Sequence 7 helped the Cupertino large proceed its lead. Sujeong Lim says that model loyalty is among the major causes for the continued success of the Apple Watch. He believes that Apple’s market share is anticipated to rise by the tip of the 12 months.
Samsung, which recorded a 46 per cent year-on-year improve in shipments of smartwatches, once more secured the second place this 12 months. Counterpoint means that the recognition of the Galaxy Watch 4 sequence within the Asia Pacific area helped Samsung solidify its place out there. In the meantime, Huawei once more got here in on the third place, however its share within the international market is on a downward development as a result of GSM restrictions.
Xiaomi, which is breaking the data each quarter, registered a 69 per cent year-on-year improve within the shipments in Q1 2022, securing the fourth place.
The premium phase was conquered by Garmin, which ranked fifth by way of cargo however third by way of income within the first quarter of 2022.
Amazfit, with a 4 per cent market share this quarter, secured the fifth place. As per the report, the model was capable of keep its place as a result of GTR 3 and GTS 3 sequence smartwatches launched in This autumn 2021. The model is making an attempt to develop its presence exterior the Chinese language market, and the report states that it has discovered some success in Europe.
In the meantime, Fitbit, which has been lacking from the scene for a very long time, witnessed a large hunch as, since its acquisition, it has not introduced any new merchandise. And even there is no such thing as a phrase on the transition to WearOS.
Most areas, together with North America, China and the remainder of the world, recorded development within the smartwatch shipments in Q1 2022 in comparison with the identical interval final 12 months. Nonetheless, the expansion in Europe stays flat, doubtless as a result of logistics constraint due to the continued struggle in Ukraine. The report notes that the difficulty will get extra severe within the second quarter of 2022.