Canalys’ Post

Global Smartwatch Market Rebounds    We are glad to see the global #smartwatch market continuously growing with a 9% year-over-year rise in Q3 2023 shipments. According to Counterpoint Research, the upward trend seamlessly aligns with what was observed for Q2 and can be linked to notable developments in the market for High-level Operating System (HLOS) smartwatches, enhancing the consumers’ demand for higher specification and high-quality features in smartwatches. Take a closer look at the developments in Counterpoint Research’s article “Global Smartwatch Market Rebounds; Huawei and Fire-Boltt Hit New Peaks”.   https://lnkd.in/dabpWqp9 #wearabletech #GoreElectronics #MadeForLife #TogetherImprovingLife

"As user experience, tracking, and smart features of basic watches progress, more consumers are opting for these affordable models to meet most of their needs. The longer battery life of basic watches is a significant draw for many users," Jack Leathem, a Canalys Research Analyst, said. However, the growth in basic watch dominance is not expected to be permanent, as the industry experts foresee the smartwatch segment poised for a rebound in the long-term. https://lnkd.in/gRAfjK5B Canalys Samsung Electronics Apple Huawei Consumer Business Group Xiaomi Technology #smartwatch #smartring Jack Leathem

🚀 Wearable Device Market Sees 8.8% Growth in Q1 2024 📈 According to the latest data from IDC, the wearables market experienced an 8.8% growth in the first quarter of 2024 compared to the same period last year. This growth is fueled by a consumer shift towards more affordable midrange and entry-level devices, resulting in a decline in average selling prices (ASP). Key insights include: Apple remains the market leader, but its share dropped by nearly 19% YoY due to a sales ban and product feature removal. Xiaomi Technology recorded an impressive 44% YoY growth, bolstered by its affordable and fresh product lineup, and ranks third among Wear OS manufacturers. Huawei overtook Samsung, driven by its smartphone business revival. Samsung Electronics saw a 13% growth, surpassing the industry average, although its Galaxy Watch sales declined. Imagine Marketing's “boAt” brand performed well in headphones, up 17.5%, but faced a significant drop in smartwatch sales. As the market evolves, we may see a resurgence in premium models with the introduction of advanced sensors for health monitoring. 📊🔍 Click on the link to see the full news article: https://lnkd.in/dTH-Tyur #WearableTech #MarketGrowth #ConsumerTrends #TechNews #IDCReport #Smartwatches #Headphones #Apple #Xiaomi #Huawei #Samsung #boAt #WearOS #TechTrends

🚀 Samsung Electronics Galaxy Watch7 Series: A Storage Revolution 🎶💾 Samsung is setting the stage for a significant upgrade in the smartwatch arena with its upcoming Galaxy Watch7 series. With the technological landscape of wearables evolving at an unprecedented pace, Samsung's latest iteration promises enhancements that aim to elevate the user experience to new heights. 🌟⌚ Doubling Down on Storage 💽 One of the standout features anticipated in the Galaxy Watch7 series is the doubling of storage capacity from 16 GB to a whopping 32 GB. This expansion is not merely a numerical increase; it paves the way for users to store an extensive library of offline music and apps directly on their wrist. The convenience of having your favorite tunes and applications readily available, without the need for constant connectivity, marks a leap forward in wearable technology. 🎵📲 Speculation and Expectations 🤔 While it's clear that the storage upgrade is on the horizon, details regarding potential RAM enhancements or the introduction of a third model remain under wraps. The smartwatch community is abuzz with speculation - will we see a Pro version or perhaps a rectangular Galaxy Watch making its debut? Only time will tell. ⏳ Wear OS and One UI Watch 🔄 Anticipation is also building around the software experience, with expectations of a new and improved version of Wear OS, complemented by Samsung's One UI Watch interface. This combination is poised to introduce a suite of advanced features, further solidifying the Galaxy Watch7 series as a must-have gadget for tech enthusiasts and everyday users alike. 🔄 A Glimpse into the Future As Samsung gears up to unveil the Galaxy Watch7 series, the smartwatch community is on the edge of its seat, eager to discover the full spectrum of innovations that will accompany this eagerly awaited release. With increased storage, potential new models, and a refined software experience on the horizon, the Galaxy Watch7 series is primed to redefine what's possible in the world of wearable technology. 🚀 Stay tuned as Samsung prepares to unveil the future of smartwatches, where convenience, capacity, and cutting-edge technology converge to create an unparalleled wearable experience. 🎉 To read similar news, visit the website: https://lnkd.in/d3NWqPDJ #Samsung #SamsungGalaxyWatch7 #WearableTech #SmartwatchRevolution #OfflineMusic #WearOS #TechNews

📈 Verizon Raises Smartwatch Plan Prices by 50% 📈 Verizon has announced a significant price increase for its smartwatch plans, effective June 3. The monthly cost will rise to $15 before taxes, a 50% increase from the previous $10 rate, impacting many users who rely on these plans for their smartwatch connectivity. 💸 Impact on Users This steep price increase has left many Verizon customers dissatisfied, especially those on payment plans with no way to avoid the hike. In an email to customers, Verizon stated that the price increase is necessary "to continue to improve our industry-leading network and services." 🔒 Contractual Obligations For customers considering canceling their smartwatch plan due to the price hike, the news is not favorable. Those with existing contracts will have to pay the remaining balance in full to cancel the service. On the bright side, any existing discounts on smartwatch lines will apply to the new pricing, offering some relief to users. This move by Verizon is expected to shift the smartwatch market, as customers evaluate their options in response to the higher costs. How will this price increase affect your smartwatch plans? Share your thoughts in the comments. 💬 #Verizon #Smartwatches #PriceIncrease #TechNews #ConsumerCosts #SmartwatchPlans #Telecommunications #News #Smartwatch #CXOTech To read similar news, visit the website: https://lnkd.in/d4-6m8BA

🔮 Exciting prediction: I foresee Apple's focus on refining the design of their Watch Series 10 paving the way for enhanced user experience and functionality in the wearable tech industry. 💡 General commentary: 1. The emphasis on refinement over dramatic redesign aligns with Apple's commitment to constant improvement and user-centric design. 2. This strategic approach showcases Apple's understanding of their customers' preferences and need for seamless integration in their daily lives. 🚀 As we eagerly await the release of the Watch Series 10, it's evident that Apple's dedication to incremental innovation will set new standards in the smartwatch market, providing users with both style and substance in one device. Let's stay tuned for what promises to be a game-changing evolution in wearable technology! #AppleWatch #Innovation #WearableTech

4 New Google Features Rolling Out to Samsung Devices — Exciting Updates from I/O: Introducing Wear OS 5 and More At the recent Google I/O event, a host of exciting announcements were made, particularly concerning the new Wear OS 5. This latest version promises significant improvements in performance and battery life, making it a noteworthy upgrade for smartwatch enthusiasts. Among the first to embrace this technology is Samsung, with their new Galaxy Watch lineup, which includes the Galaxy Watch Ultra and Watch7. These smartwatches are designed to be the perfect companions for those constantly on the move, offering advanced health monitoring capabilities, personalized health experiences, and access to a […] https://lnkd.in/d9_K9vTM https://lnkd.in/dKkfURNz

Global kids smartwatch shipments grew 4% YoY in Q2 2024. Across all major smartwatch types, only the kids segment showed positive YoY growth during the quarter. Key insights: 📌China led the global kids smartwatch market with a 64% share, a drop from 72% in Q2 2023. 📌North America’s shipments grew 1.5x owing to Fitbit’s launch and expansion by operators and other brands. 📌Imoo led the segment globally with a 48% share, driven by a strong presence in China and Asia-Pacific. 📌The kids smartwatch segment is expected to outperform the broader market in 2024 with 7% growth, compared to the overall market’s decline of 4%. 📌Apple is repositioning its smartwatches to target the kids segment in India with colorful models, new watch faces, and independent LTE connectivity. Source: Counterpoint Research Detailed Insights: https://lnkd.in/g7df8eZ9

Samsung Electronics's Galaxy Ring, unveiled three months ago alongside the Galaxy S24, represents a significant innovation in wearable technology. This sleek device, designed for those who prefer not to wear a smartwatch constantly, offers health tracking features similar to Samsung's Galaxy Watch, but in a smaller and more discreet form. 📏 Galaxy Ring Sizes and Model Numbers Samsung has yet to release the Galaxy Ring for sale, and details about its capabilities, features, launch date, and price remain scant. However, we now know that the Galaxy Ring will come in nine different sizes, ranging from the smallest (SM-Q500) to the largest (SM-Q509). Here's the list of model numbers for the Galaxy Ring: SM-Q500 SM-Q501 SM-Q502 SM-Q505 SM-Q506 SM-Q507 SM-Q508 SM-Q509 Some model numbers like SM-Q503 and SM-Q504 might be missing, suggesting additional sizes yet to be discovered. The flexibility in sizes indicates Samsung's attention to comfort and personalization. 💡 Features and Compatibility The Galaxy Ring is designed to complement the Galaxy Watch, providing health and workout tracking without the bulk of a smartwatch. The ring likely features a gyroscope and heart rate sensor for tracking workouts and sleep patterns. Furthermore, it offers impressive battery life, lasting up to a week on a single charge. Pricing remains unclear, but the Galaxy Ring could be cheaper than the Galaxy Watch 4, providing a more affordable alternative to full-size smartwatches. 🌟 An Innovative Approach to Wearable Tech Samsung's Galaxy Ring may appeal to those seeking a more subtle health tracking solution. Its design is comfortable, and its technology has the potential to make health and fitness tracking more accessible. As the launch date approaches, the differences between the Galaxy Ring and Samsung's smartwatches will be intriguing to explore. Are you excited about the Galaxy Ring? Would you consider using it instead of a smartwatch? Share your thoughts in the comments! 💬 To read similar news, visit the website: https://lnkd.in/dg34dVah #Samsung #GalaxyRing #WearableTech #Smartwatches #HealthTracking #Innovation #GalaxyS24 #TechNews #Fitness #News

India Smartwatch Shipments Down 32% YoY in Q2 2024, Fastrack Bucks Trend Inventory issues along with changing consumer behaviour resulted in declining shipments. The initial excitement towards the segment is tapering off. Noise captured the top spot with a 29% shipment share, followed by Fireboltt and Titan. Among the top 10 OEMs, Titan (along with Fastrack), beatXP and Apple registered the fastest YoY growth. The premium smartwatch segment, dominated by Apple and Samsung, saw over three-fold growth due to a lower base as consumers started seeking high-end devices for better user interface and more accurate health sensors. The smartwatch market is expected to decline 20% in 2024 as demand is likely to stay subdued.