Smartwatch has now become an essential part of our daily life and we keep them almost every time on our wrist, be it during office or workout or sleep to track and monitoring sleeping habits.
Global smartwatch shipments in Q1 2021 grew 35% YoY, according to Counterpoint Research’s recently published Global Smartwatch Model Tracker. The top position is acquired by apple, catalyzing the overall market growth by recording a 50% YoY increase in the demand for the new Series 6 models. Due to this apple saw a climb of nearly 3% in sales of smartwatches.
“Apple was able to further solidify its leadership position in the market by widening the portfolio from Watch SE to Series 6 at the right time. This may drive Samsung to launch a mid-price-tier model to boost growth.”, said Senior Analyst Sujeong Lim.
Other smartwatches brands like realme , xiaomi, oppo also saw increase in the market value of smart watches as they have launched many affordable smart watches below Rs. 10,000.
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