Overview:
In Q1 2022, the market’s shipments grew 13% YoY to reach 33.7 million units. This was a double-digit growth for the fifth consecutive quarter. HLOS (High Level OS) and Basic Type smartwatches grew 25% and 24% YoY respectively, leading the market growth. Kids and Hybrid/Digital Types showed declines of 24% and 35% respectively. In particular, the Kids Watch market share fell 6% points as demand in regions other than China fell significantly. Likewise, Hybrid/Digital declined in all regions except North America.
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