smartwatches
Consumers like Huawei smartwatches, which the market research firm Counterpoint has recently verified for Q1 2023. According to data, Huawei had more than 37% of the Chinese wristwatch market in the first quarter of 2023.
For the quarter, this is the Chinese wearables market’s greatest share. The researcher does point out that the cargo is noted as being lower than the prior year. The business, however, was unaffected by this reality.
With price tags ranging from $101 to $400, Huawei has come out on top in every category. The Huawei Watch GT 3, which was the second best-selling smartwatch in the first quarter, is also highlighted as having contributed to the success behind the most recent list.
The study also appreciated Huawei’s approach to managing several wristwatch models. For your information, Huawei has emerged as the market leader in the sale of smartwatches. Huawei now sells the Watch GT Cyber and 2-in-1 Huawei Watch Buds. Huawei has received widespread appreciation for these first adaptable and user-friendly wearables.
Huawei’s two new wearables, the Watch Ultimate and Watch 4 series, have not yet shown their results, though. These two are built with robust hardware and potent powers. Additionally, the Watch 4 series features an immersive design that appeals to users greatly.
Speaking about Huawei, we’ve discovered that the company has been concentrating on a number of first- and new-generation technologies for smartwatches, and there will be more to come.
Others: The report notes that Apple, with a 35% market share, holds the second-largest position. Apple had a 27% YoY reduction in shipping. However, the brand commands over 87% of the market for smartwatches costing more than $400. The Apple Watch 8 and Watch SE series continue Apple’s advancement. Third spot goes to IMOO, followed by Xiaomi in fourth and Oppo in fifth.
In addition to this, smartwatch shipments from China fell by 28% YoY and 16% QoQ in Q1 2023, reaching their lowest level in 12 quarters.
