Huawei has turn out to be a dominating pressure within the Chinese language smartwatch market in Q2 of 2023. What’s extra attention-grabbing is that the corporate has generated related enterprise outcomes amongst world clients.
CounterpointResearch has printed the smartwatch cargo consequence for Q2 2023 for the Chinese language and world markets. Each of those point out that Huawei has gained a giant share to compete within the prime sellers.
In accordance with the information, Huawei registered 39% of the general Chinese language smartwatch market in Q2 2023, a rise from 26% market share in Q2 2022. When it comes to numbers, the corporate has achieved 58% YoY progress out there in its wearable gross sales and a pointy soar of 13% in share.
The researcher credit the brand new Huawei Watch 4 and Watch 4 Professional for this new increment in shares. These two smartwatches have been unveiled in Might in China. Additionally, it contains modern non-invasive excessive blood sugar evaluation know-how. The smartwatch has a trendy design, which is praised by the shoppers.
Aside from the Watch 4, Huawei continues to see progress within the Watch GT 3 sequence. Furthermore, Huawei Watch Final can be contributing its justifiable share of gross sales within the ultra-premium watch section.
In the meantime, Apple has recorded a large decline of 15% in Q2 2023 in China. Nonetheless, the researcher talked about that Watch Collection 8 remains to be the best-selling mannequin within the nation.
Not solely within the Chinese language market however Counterpoint notes that Huawei noticed a rise in share amongst world smartwatch clients in Q2 2023. The corporate now has 10% shares in Q2 2023 growing from 7% in Q2 2022.
“Huawei made huge strides by growing its home market share to 39% following a surge of 58% in shipments.” wrote Counterpoint.
This achievement propelled the model to the second spot within the world smartwatch market share rankings. One other important change was noticed within the premium section, particularly within the >$500 band. Huawei’s merchandise within the >$500 band in China expanded their share within the band to 52% in Q2 2023, a exceptional leap from the model’s near-absence from the band in the identical quarter of 2022.
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