Huawei celebrates its return to the good watch market, Apple Watch dominates, and Galaxy Watch loses market share

Huawei celebrates its return to the good watch market, Apple Watch dominates, and Galaxy Watch loses market share

The Apple Watch continues to guide the superior smartwatch market. (Picture: Pandwerk)
The Apple Watch was as soon as once more the most well-liked superior smartwatch in Q3 2023. The general market grew by 8%, however the Samsung Galaxy Watch suffered an enormous loss in market share whereas Huawei recorded important progress.

In accordance with the most recent knowledge from Counterpoint Analysis, a complete of 9% extra “HLOS” smartwatches had been bought worldwide within the third quarter of 2023, i.e. between July and September, than in 2022. HLOS stands for “Excessive Degree Working System” and To good watches with help for third-party purposes. Easy health trackers or low cost good bracelets are usually not included.

Though the Apple Watch Collection 9 and Apple Watch Extremely 2 obtained comparatively few upgrades, Apple has managed to keep up its place because the market chief, simply because it did final 12 months, incomes a forty five% market share. The Apple Watch SE 2 is alleged to have contributed considerably to Apple’s finest smartwatch quarter thus far. Then again, Samsung Galaxy Watch gross sales fell by 19%, leading to Samsung’s market share falling from 24 to 18%. Nevertheless, the Galaxy Watch 6 Basic is alleged to be very fashionable and has elevated the typical promoting value of the Galaxy Watch.

Huawei ranks third with a market share of 14%. The Chinese language tech large shipped a staggering 122% extra HLOS smartwatches in Q3 2023 in comparison with the identical quarter final 12 months, thanks primarily to the Huawei Watch 4, Watch 4 Professional, and Watch GT 4. Nevertheless, The vast majority of this progress is attributable to Huawei’s home market in China. India’s high three gamers, Hearth-Bolt, boAt and Noise, have registered sturdy progress, however resulting from lack of worldwide presence, they nonetheless do not need sufficient weight to be among the many international market leaders.

Huawei is returning to the global smartwatch market.  (Photo: Counterpoint Research Foundation)
Huawei is returning to the worldwide smartwatch market. (Photograph: Counterpoint Analysis Basis)

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(Tags for translation)Sensible Watch

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