The wearable market isn’t nearly Apple and Samsung, a number of extra gamers are doing higher. Huawei is one such title that has surpassed Apple and secured the highest spot within the international wrist-worn wearable cargo for the primary three quarters of 2024. The newest result’s primarily based on the “World Wearable Gadget Market Quarterly Monitoring Report” revealed by the Worldwide Information Company (IDC).

Huawei passes Apple to safe prime spot within the international wrist-worn wearable shipments

The IDC’s report reveals the highest 5 tech giants which have shipped probably the most wrist-worn wearables globally within the first three quarters of this yr. Huawei has topped this record with the very best annual progress and market share. Speaking in numbers, Huawei made shipments of 23.6 million items of wrist-worn wearables within the final three quarters.

The corporate’s smartwatch cargo bumped up by 7.3 million items, a formidable 44.3% enhance from final yr. As well as, the model has additionally secured a 16.9% market share. IDC’s report credit the launch of the Huawei GT5 collection and WATCH D2 (Evaluate) for the expansion. The report additionally means that Huawei acquired extra consideration in numerous markets like Asia-Pacific, Latin America, and the Center East.

Alternatively, Apple has secured the second spot with 22.5 million shipments and a 16.2% market share. It must be famous that the Cupertino tech big is seeing a decline of 12.8% in annual progress price. Xiaomi, Samsung, and BBK are the opposite manufacturers that made it onto IDC’s prime 5 record.

It appears smartwatches are getting much less fashionable

Xiaomi is positioned within the third place with 20.5 million wearable shipments. It has secured a market share of 14.7% within the final three quarters and a progress price of 26.5% from final yr. In the meantime, Samsung ranks fourth with 11.5 million wearable shipments with a 24.3% year-over-year progress price. It has additionally grabbed a market share of 8.3% for the final three quarters this yr.

The IDC report additionally means that the smartwatch section is changing into much less fashionable amongst clients. Per the report, the makers shipped a complete of 112.2 million items of smartwatches globally within the first three quarters of 2024, down by 3.8% from final yr. Whereas, the wristband market noticed a progress of 12.7% with 26.8 million items shipped in the identical interval.