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India surpassed China within the smartwatch cargo marketplace for the primary time ever within the second quarter of 2022, in response to a Counterpoint Analysis report on August 25. India made a 347% year-on-year leap in market share counted by the variety of shipments, which rose from 6% to 22% and beat China’s 21% in the identical quarter. North America remains to be the top-performing area for the trade, with a 31% market share of worldwide smartwatch shipments this quarter. Sujeong Lim, an analyst at Counterpoint Analysis, mentioned, “Throughout the quarter, 30% of fashions shipped within the Indian market bought for lower than $50, and main native manufacturers launched cost-effective fashions, reducing the entry obstacles for shoppers.” All over the world, smartwatch shipments noticed 13% year-on-year progress within the second quarter. Huawei slid from second to 3rd place amongst all smartwatch distributors globally, with a 6.8% market share, whereas Samsung took second place with a 9.2% market share within the second quarter of this yr. Apple continues to dominate the market with a 29.3% market share. [Counterpoint Research]
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