Overview:
In Q4 2021, the market grew 21% YoY, reaching its highest ever quarterly shipments at 42.4 million units with the launch of the Apple Watch 7 series and the continued strength of the Samsung Galaxy Watch 4. New releases from major brands such as Huawei and Xiaomi also played a role.
Shipments of Basic and HLOS smartwatches increased by 82% YoY and 14% YoY respectively. These two types of smartwatches are gradually becoming dominant in the market. The Basic type showed big growth thanks to Indian local kings and long tail brands.
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Sujeong Lim
Sujeong Lim is a Research Analyst at Counterpoint Research based out of Seoul Korea. In Counterpoint, she focuses on mobile ICT industry and mobile device research, especially dedicated on the Korea mobile market. After 10+ years product marketing experience during her working period, she joined Counterpoint to pursue her interest in IoT and emerging future technology.
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