cr global smartwatch market declines by 15 in q1 2023

Global smartwatch shipments declined by 1.5% during the January – March months of 2023 marking the second consecutive quarter of negative growth in the segment. As per the Counterpoint Reaserch report, major players such as Apple, Samsung and Huawei all saw negative shipment volumes in Q1 2023 driven by lower demand for tech products amid the difficult economic landscape.

Top 3 Smartwatch Brands, Q1 2022 vs Q1 2023

India served as the only bright spot in the smartwatch market with a 121% year-over-year growth in shipments fueled by high demand for entry-level smartwatches….