Global Smartwatch Shipments Grew 12% in Q1 2020 Despite COVID-19: Report
Jun. 18, 2020The report suggests that China was the biggest growth engine during the quarter, with shipments increasing 66% year-on-year. LTE models from Xiaomi and Apple apparently did really well, thanks to a nationwide push towards eSIM adoption. Overall,2.5 million cellular smartwatches were sold in the countryduring the quarter, said research analyst, Cynthia Chen. Meanwhile, this was also the first time that North America accounted for less than a third of global smartwatch shipments as Asian and Latin American markets showed strong growth, while demand in the US and Europe stagnated.
It’s interesting to see that smartwatches did so well even assmartphone sales came to a virtual haltduring the pandemic. That said, the global lockdowns started going into effect only towards the very end of Q1. So maybe, the Q2 figures will better reflect the slowdown caused by COVID-19.
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