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Huawei celebrates comeback within the smartwatch market, Apple Watch dominates, Galaxy Watch loses market share

Huawei celebrates comeback within the smartwatch market, Apple Watch dominates, Galaxy Watch loses market share


The Apple Watch continues to guide the marketplace for superior smartwatches. (Picture: Bandwerk)

The Apple Watch was as soon as once more by far the most well-liked superior smartwatch within the third quarter of 2023. The market as an entire grew by 8%, however the Samsung Galaxy Watch suffered an enormous lack of market share whereas Huawei recorded appreciable progress.

In line with the newest knowledge from Counterpoint Analysis, a complete of 9% extra “HLOS” smartwatches had been offered worldwide within the third quarter of 2023, i.e. between July and September, than in 2022. HLOS stands for “Excessive Stage Working System” and refers to smartwatches with assist for third-party apps. Easy health trackers or cheap, good wristbands aren’t included.

Regardless that the Apple Watch Collection 9 and the Apple Watch Extremely 2 obtained comparatively few upgrades, Apple was capable of keep its place as market chief and, similar to final 12 months, declare a market share of 45%. The Apple Watch SE 2 is claimed to have contributed considerably to Apple’s finest smartwatch quarter to this point. Gross sales of the Samsung Galaxy Watch, however, have fallen by 19%, lowering Samsung’s market share from 24 to 18%. Nevertheless, the Galaxy Watch 6 Traditional is reportedly extraordinarily standard and has elevated the common promoting worth of a Galaxy Watch.

Huawei is in third place with a market share of 14%. The Chinese language tech big shipped a formidable 122% extra HLOS smartwatches within the third quarter of 2023 than in the identical quarter final 12 months, primarily due to the Huawei Watch 4, Watch 4 Professional and Watch GT 4. Nevertheless, the vast majority of this progress is attributable to Huawei’s residence market of China. The three prime canines from India, specifically Hearth-Boltt, boAt and Noise, have all recorded strong progress, however on account of lack of worldwide presence, they nonetheless do not need sufficient weighting to be among the many world market leaders.

Huawei is making a comeback within the world smartwatch market. (Picture: Counterpoint Analysis)

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Written by bourbiza mohamed

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