Huawei Leads Global Wearable Shipments for Two Straight Quarters, IDC Reports
Following Market Success, Huawei is Gearing Up to Unveil New Wearable Innovations at Barcelona Event
Alriyadh, 9 September 2024: Huawei’s dominance in the wearable market is reaching new heights, according to the latest report from the International Data Corporation (IDC). The report highlights a staggering 55.1% year-on-year increase in Huawei’s shipments of on-the-wrist wearables during the first half of 2024, propelling the tech giant to the top spot globally for two consecutive quarters.
This achievement cements Huawei’s leadership in the highly competitive wearables market. Last year’s HUAWEI WATCH 4 Pro and the HUAWEI WATCH GT 4, and the recently released HUAWEI WATCH FIT 3, have solidified Huawei’s appeal as a brand that blends fashion with industry leading features. The company’s strong market performance reflects growing consumer trust in the advanced health and fitness tracking features in its wearable products.
Huawei has shceduled its next product launch event on the 19th of this month in Barcelona, with a focus once again on wearables. We might be seeing the new HUAWEI WATCH GT 5 series, the new edition of the HUAWEI WATCH Ultimate, and even the next-generation blood pressure monitoring will be launched in the form of HUAWEI WATCH D 2. Following the recent launch of the HUAWEI TruSense System, we can expect some big upgrades to the health and fitness tracking features in the new wearables.
As Huawei prepares for its next product launch, it is clear that the company is not resting on its laurels. The trajectory suggests a continued focus on integrating even more cutting-edge technology into wearables. It seems that Huawei’s role in shaping the future of wearable tech is far from over.
About HUAWEI Consumer Business Group (CBG)
Huawei Consumer Business Group (CBG) is one of Huawei’s three business groups, providing a range of products including smartphones, tablets, laptops, wearables, audio, monitors, smart screens, IOT and others.
Year on year growth was reflected in Huawei’s rise as a globally recognized premium brand. In January 2022, Brand Finance revealed Global 500 2022 list of the world’s most valuable brands, Huawei ranked No. 9, showing year-on-year growth of 28.6% in Huawei’s brand value to US$71.2 billion.
In 2022, Huawei’s R&D spend was US$23.8 billion, roughly 25.1% of the company’s annual revenue bringing Huawei’s total R&D expenditure over the past 10 years to more than US$144 billion.
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