TECH

Apple leads the market for wearable gadgets, and Samsung overtakes Huawei

Counterpoint Technology Market Research published the results of a study of the global smartwatch market in the second quarter of this year. Despite economic challenges and high inflation, demand for these devices continues to grow.

Global smartwatch shipments between April and June inclusive were up 13% compared to the second quarter of last year. Analysts believe the positive momentum will continue for the foreseeable future.

Apple remains the biggest player in the industry, with a share of approximately 29.3%. For comparison: a year earlier, this company controlled 30.6% of the global smartwatch market. Samsung is in second position with a result of 9.2% against 7.4% in the second quarter of 2021. It closes the three main Huawei, whose result fell from 9.0% to 6.8%.

North America remains the largest smartwatch market with a 26% share. A year earlier, the result was noticeably higher – 31%. India came in second, where sales for the year were up 347%: as a result, this region's share reached 22% versus just 6% a year earlier. China is now in third place with 21% (26% in the second quarter of last year). All other regions combined accounted for about 31% of smartwatch sales.

Image Source: Counterpoint Technology Market Research