In the first quarter of 2023, Huawei led the global wearables market with 10 million shipments, capturing a 21.9% market share, marking a 42.4% increase from last year. Xiaomi followed closely with 8.7 million shipments and a 19% share, also showing substantial growth at 42.6%. Apple was third with 7 million shipments at a 15.5% share, while Samsung saw a decline. The overall wearable market shipped 45.6 million units, with notable growth in China's segment driven by government subsidies. IDC forecasts further growth in China’s wristwear market through 2025.
Huawei led the global wearables market in Q1 2023 with 10 million shipments, achieving a significant growth of 42.4% compared to last year.
Xiaomi showed remarkable year-on-year growth of 42.6%, overtaking Apple with 8.7 million wearables shipped, capturing 19% of the market.
China's wearables market, fueled by government subsidies, drove a remarkable 37.6% growth year-on-year in Q1, highlighting the strong demand for smart devices.
IDC predicts a continued upward trend in China’s wristwear market, estimating a 36.9% growth in full-year 2025 shipments compared to 2024.
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