Amazfit is the company which is known for manufacturing wearable gadgets, and has developed into the world’s 3rd largest smartwatch manufacturer in the 3rd quarter of 2021 this year, it has overtaken the Chinese legend ‘Huawei’, claimed by the Counterpoint Research’s Global Smart hand watch Model monitor.
The latest reports also revealed that Amazfit has controlled for shipping about 9.9 million units of its newly launched smart watches in the 3rd quarter of 2021, which is depicting an increase of 89% over the similar time in the past year. Now it is possessed with a 5.8% global smart wrist watch market share.
Another crucial focus of this brand in the report is its hiking accessibility in the overseas merchandise. The company’s sale in the overseas market accounted for 61.8% of its global shipments. In Germany, its sales got increased by 150 percent year on year, while in the country of Turkey, the brand’s shipments increased by 324% YoY.
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The Chinese products makers have specialization in smart wrist watches and health devices has expanded quite a bit in the Europe this year, that has permitted it to beat Huawei in the 3rd quarter of 2021. It has seen a better feedback in the ‘European market’ from regions like Spain, Italy & Germany. A few products from the brand performed quite well in the market, which includes the, GTS 2e, T-Rex Pro, GTR 2e.
Furthermore, the company also got profit from partnerships with the Spartan, ESOK Rally in Turkey, All-Russian Zavidovu SUP Challenge, Israeli Beach Volleyball Championship, and Cruce Teques in the country of Mexico.
Apple company has held on its 1st top position in the smart watch market in the 3rd quarter with a 21.8% share, but the market share of it fallen down by 10% YoY. South Korean tech giant Samsung grabs the 2nd spot with record high shipments of Galaxy Watch 4 and Galaxy Watch4 Classic, assisting the brand expand its market share from 9.9 percent to about 14.3%.
