Canalys Expects Global Shipments of Wearable Wristband Devices to Rise 5% This Yr

　　Market research firm Canalys noted in a report that global shipments of wearable wristband devices are expected to grow by 5% to 194 million units this year. Although shipments fell 0.2% in 1Q24, with a 9% decline for smartwatches, shipments in 2H are expected to see 4% growth, driven by new product launches, while basic bracelets are expected to continue to decline by 6%.

　　In 1Q24, XIAOMI-W (01810.HK) -0.400 (-2.200%) Short selling $75.99M; Ratio 16.125% and Huawei shipped 37% and 46% more basic watches, respectively, driven by the launch of new products that better meet market demand. Jack Leathem, research analyst at Canalys, commented that the basic watches continued to experience market popularity across the world, with its share of the wearable wristband device market reaching an all-time high of 48% in 1Q24. For the full year, its share of shipments is expected to reach 46%.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-24 12:25.)

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