According to the latest report by market research firm Counterpoint, Apple Watch has maintained its lead in terms of global smartwatch shipments in the third quarter of 2021. Still, the Cupertino company saw its smartwatch market lead a bit short as Samsung got a boost from the Galaxy Watch 4. In the same period, global smartwatch shipments grew by 16 percent compared to the same period last year, the report said. While Apple received the lion’s share of worldwide smartwatch shipments, Samsung took the second spot, followed by Amazfit, Imoo and Huawei in the top five positions. Counterpoint noted that Indian brands such as Noise and Boat also reported a significant increase in their quarterly smartwatch shipments.
Counterpoint Research in its Global Smartwatch Model Tracker Report said that global smartwatch shipments in the third quarter of 2021 continued their double-digit growth after the previous quarter. Apple It maintained its lead in terms of shipments, but its market share declined to 21.8 percent from 28 percent reported in the same quarter last year. The main reason for the decline is said to be the delay. apple watch series 7 launch.
samsung, with the popularity of Galaxy Watch 4 The series is the biggest mover in Counterpoint Data’s third quarter. The South Korean brand took the second place from Huawei, Samsung’s new Galaxy 4 series runs Wear OS Instead of Tizen OS, as a result of a new partnership between Google and Samsung. This partnership has helped Samsung regain second place from 9.9 percent in the third quarter of 2020 to 14.4 percent in the third quarter of 2021.
Samsung performed better than expected in the third quarter. Although shipments of the Galaxy Watch 4 series were much higher than expected, more than 60 percent of total shipments were sold in North America and Europe, where the mid- to high-price range models account for a higher share”, said a senior analyst at Counterpoint Research. Sujeong Lim about Samsung’s development in the space.
amazfit With its growing popularity in Europe took third place. It managed to increase its market share to 5.8 per cent in Q3 2021 from 5.4 per cent in Q3 2020.
Huawei saw a further decline in market share as it increased from 13.6 percent in the third quarter of 2020 to 5 percent in the third quarter of 2021. BBK Electronics, also saw a small drop in market share from 6.6 per cent in Q3 2021 to 5.8 per cent YoY.