Domestic smartwatch shipments fell 9.3% last year compared with the same period last year. The price of more than US $401 increased by 1292%. Huawei children's watch 4 Pro is the best seller.

CTOnews.com, March 24, according to the latest report released by market research firm Counterpoint Research, domestic smartwatch shipments fell 9.3% in 2022 compared with the same period last year, while global smartwatch shipments increased by 12% over the same period.

The report points to the rapid growth of the high-end segment, which sells for more than $200. Shipments in the $301-$400 segment increased 46% year-on-year, while shipments in the $401-plus segment increased by 1292%.

By contrast, the market share of market segments below $50 fell to 20 per cent, while shipments fell 35 per cent year-on-year. The main contents of the attached report of CTOnews.com are as follows:

Huawei and apple dominated the Chinese smartwatch market in 2022, with a combined share of nearly 50 per cent.

Growing consumer demand for advanced features such as health monitoring and professional sports guidance is driving growth in the high-end market, which sells for more than $200.

The three best-selling smartwatches are the children's watch 4 Pro, the little genius Q1A and the little genius Z6A.