The latest Q2 2022 IDC report shows that global wearable sales in the second quarter of this year fell by 6.9% compared to the previous year to 107.4 million units.
As per the data, the top 5 wearables manufacturers remain unchanged: Apple, Samsung, Xiaomi, Huawei and Imagine Marketing. Samsung ranked second in the Global wearables market in Q2 2022.
IDC noted that the prices of wearable are huge and the parallel fall in demand are also reasons why the overall forecast for the wearables sector has meanwhile been lowered.
IDC now forecasts full-year 2022 deliveries to stagnate at 535.5 million units. But, the change will come after 2023 sales as demand for watches and wearables could return due to new buyers in emerging markets and replacements in mature markets.
“It’s unfortunate that companies like Apple, Samsung, and Google are in the midst of launching more premium smartwatches at a time when appetite for high priced products remains in question,” said Jitesh Ubrani, research manager for IDC Mobility and Consumer Device Trackers. ”
