China’s smartwatch market didn’t totally get better within the first full quarter after the nation’s reopening. Apple’s Apple Watch Sequence 8 was the best-selling mannequin within the first quarter of 2023 even because the model’s shipments fell 27% year-over-year, based on Counterpoint Analysis.
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The analysis group says China’s smartwatch shipments declined 28% year-over-year (YoY) and 16% quarter-over-quarter (QoQ) within the first quarter (Q1) of 2023 to achieve their lowest stage in 12 quarters.
The highest three manufacturers had been Huawei, Apple and BBK (imoo). They accounted for almost 60% of China’s smartwatch market in Q1 2023.
