Overview:
Global smartwatch shipments increased 5% YoY in Q4 2023. By device type, the basic smartwatch saw 25% YoY increase. This trend appears to be linked to the rise in the proportion of basic smartwatch shipments, particularly in India and LATAM, which significantly contributed to the overall YoY growth in global smartwatch shipments during Q4 2023. Huawei experienced a remarkable YoY increase in shipments. A substantial portion of Huawei’s products is mostly shipped within the Chinese market. However, in Q4 2023, Huawei also recorded more than double-digit growth in the overseas market.
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