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Apple retained its high 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 sequence. Huawei, Xiaomi, and Garmin accomplished the highest 5 listing with Xiaomi performing effectively with its record-highest quarterly shipments registering a 69 p.c YoY development within the quarter.
As per the World Smartwatch Mannequin Tracker by Counterpoint Analysis, Apple maintained a strong lead and registered a 14 p.c YoY improve in Q1 2022. As a result of delayed launch of Apple Watch 7, some shipments carried over to Q1 2022 serving to the iPhone-maker to retain its high spot globally with 36.1 p.c market share.
“Though the worldwide smartwatch market noticed little development in 2020 as a result of affect of Covid-19, it has continued to carry out effectively since its rebound final yr. Specifically, Apple accounted for greater than a 3rd of the overall shipments final yr, and it’s additional growing its affect with a market share of 36 p.c within the first quarter of this yr,” mentioned Affiliate Director Sujeong Lim.
The second place went to Samsung, which registered a 46 p.c YoY improve in shipments as a consequence of its development within the APAC area steered by the recognition of Galaxy Watch 4 sequence. The South Korean big grabbed 10.1 p.c of the worldwide market share. In third place Huawei’s development remained flat YoY (7.2 p.c share) by way of shipments as a consequence of its weak place within the worldwide market.
One other Chinese language model, Xiaomi, 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 (underneath $100, or roughly Rs. 7,800), and grabbed 5 p.c market share.
The Counterpoint report additionally says that Garmin (4.3 p.c share) ranked fifth by way of shipments, however was third by way of revenues as a consequence 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 Amazfit (4 p.c) which rode the success of the GTR 3 and GTS 3 sequence launched within the fourth quarter of 2021.
One other participant is FitBit which noticed its gross sales lower. It merged with Google, and seems to be present process an inside reorganisation. There have been no fashions launched final yr, 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 battle between Russia and Ukraine to have minimal affect available on the market in Q1, however the prolongation of the battle and the ensuing logistical constraints have begun to have an effect on the European area. The affect of the battle will turn out to be extra critical in Q2,” Lim added.
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