Huawei smartwatches are popular among consumers and it is now confirmed by the market researcher, Counterpoint for Q1 2023. Data reveals that Huawei has over 37% of the Chinese smartwatches market in the Q1 of 2023.
This is the largest share in the Chinese wearable segment for the quarter. However, the researcher notes that the shipment is recorded lower than the previous year. However, the company remained unaffected by this fact.
Huawei has ranked first in all of the price tags including $101 to $400. It’s also mentioned that the success behind the latest ranking is contributed by the Huawei Watch GT 3 as the second best-selling smartwatch in the first quarter.
The researcher also praised Huawei’s strategy in operating different types of smartwatches. As for your information, Huawei has become the most innovative smartwatch seller in the world. Currently, Huawei has 2-in-1 Huawei Watch Buds and Watch GT Cyber. These are the first convertible and easy-to-use wearables that have garnered industry-wide recognition for Huawei.
But Huawei is yet to see the result of its two new wearables – the Watch Ultimate and 4 series. These two are designed with powerful capabilities and strong hardware. Also, the Watch 4 series has an immersive outlook that is quite alluring for customers.
Talking about Huawei, we’ve found that Huawei has been focusing on many first and new technologies for smartwatches and there’s more to come.
The researcher points out that Apple has the second largest share in the market standing at 35%. Apple also saw a 27% YoY shipment decline. However, the brand holds over 87% shares in the smartwatch priced above $400 segment. Apple’s progress is maintained by the Apple Watch 8 and Watch SE series. IMOO comes in third place, Xiaomi in Fourth, and Oppo in Fifth.
Aside from these, China’s smartwatch shipments declined 28% YoY and 16% QoQ in Q1 2023 to reach their lowest level in 12 quarters.