Counterpoint: Apple Watch will dominate the smartwatch market with 60% revenue share in 2022

According to recent news, according to statistics released by market research firm Counterpoint, Apple Watch will dominate the smartwatch market in 2022. Its shipments account for 34.1% and total revenue accounts for 60%.

In Counterpoint's Q3 2022 report released in November last year, Apple Watch shipments accounted for more than half of global smartwatch shipments in the quarter, or 50.6%. Although Apple Watch grew strongly in the first three quarters of last year, smartwatch shipments fell 3% year-on-year in the fourth quarter.

“This is the first negative growth in the market in eight quarters since the pandemic hit the world in 2020,” Counterpoint analysts reported. Counterpoint believes the decline occurred “amid inflationary pressures and slowing growth in India.”

Counterpoint estimates that strong sales mean that Apple Watch shipments in 2022 will increase by 17% compared to 2021, and further widen the gap with second-ranked Samsung. Samsung's shipments in 2022 increased by about 12% year-on-year, and the company accounted for about 10% of the market share.

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