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Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
As per the recent data, smartwatch shipment across the globe witnessed a significant surge of around 16% year-on-year basis in the third quarter of 2021. The tech giant Samsung had a successful quarter, credit to its Galaxy Watch 4 series, which helped the company to close the gap from Apple. Some other brands, such as Amazfit, saw a slight surge in their market share, while Huawei saw a huge decline in its smartwatch market share year-on-year basis.
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The Current Statistics
According to the recent reports, Apple remained on the top of the chart in the third quarter of 2021 by controlling 21.8% of the market. However, the Cupertino-based giant saw a 10% drop in its shares in the past year as the company delayed the launch of its Watch 7 Series. Samsung, on the other hand, had its best quarter in terms of shipment, all thanks to its Galaxy Watch 4 series, and the company even managed to swoop into second place in market share by replacing Huawei and claiming about 14.4% of the total share.
Sujeong Lim, who is a Senior Analyst, said in a statement that the company performed much better than what was expected in the third quarter of 2021. However, they were expecting Galaxy Watch 4 series to perform even more. Around 60% of the total sales were made in North America and Europe, where the demand for mid-price range and high price range devices were high. Samsung will also be looking to launch a more affordable watch series in the coming years to compete in the fast-growing Asian market.
