Canalys: Xiaomi ranked second in the global wearable market with a 12% share in Q3 2023

According to the latest data from market research firm Canalys, Xiaomi's wearables ranked second in the world with a 12% market share in Q3 2023. This result is second only to Apple's 17% share, but Xiaomi is still rising rapidly, while Apple has begun to fall sharply.

The third one on the list is also a domestic manufacturer Huawei, which has taken a 10% share and is also growing rapidly.

One of the reasons why Xiaomi has a higher share is that its products are more diversified. It has a large number of products such as watches and bracelets, and covers multiple price ranges.

Especially since you can buy the latest Xiaomi bracelet every year for only 200 yuan, it has greatly popularized wearable devices and even many iPhone users are using them.

However, Xiaomi currently has a blank in high-end wearable devices. For example, there is no corresponding product in the high-end watch market above 2,000 yuan, which also makes many users with high-end needs very distressed.

I hope that Xiaomi will be able to launch a high-end watch with better design, quality and performance next time. Combined with the latest Xiaomi Surge OS, it will definitely bring a stronger overall experience.

Zikuai Technology