Overview:
Global smartwatch shipments increased 11% YoY in Q2 2023, after declining in both Q4 2022 and Q1 2023. India’s shipments soared by 70% YoY, serving as the primary driver for the global market’s rebound. HLOS smartwatch shipments increased YoY after dropping for two consecutive quarters. Within this high-price and high-performance segment, Huawei more than doubled its share to 15%, up from 6% in the year-ago quarter. Basic smartwatches accounted for 39% of the total smartwatch shipments, marking an all-time high. This budget-friendly segment has been witnessing YoY growth for 10 straight quarters, deeply intertwined with the explosive growth of the Indian market
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Woojin Son
Woojin Son is a Research Analyst at Counterpoint and is based in Seoul, Korea. He focuses on the mobile industry dynamics related to emerging technologies such as new form factors and artificial intelligence. Woojin holds a master's degree in Culture Technology from Korea Advanced Institute of Science & Technology (KAIST), and an undergraduate degree (Media & Communication) from Korea University.
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