Huawei has established dominance in the global wrist-worn wearable market, shipping 23.6 million units in the first three quarters of 2024, while Apple's growth has stagnated.
The significant growth of Huawei in the wearable market can be attributed to the successful launch of the Huawei GT 5 series and Watch D2, which have driven market excitement.
Despite a global decline in wrist-worn device shipments, Huawei's aggressive product strategy and strong performance in its home market of China have played a crucial role in its top ranking.
Apple, despite holding onto a strong position in the smartwatch market, faces challenges as competition grows from lower-priced rivals, resulting in a decline in overall wrist-worn device shipments.
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