Tracker: VALUE SHARE: Global Smartwatch Revenue and ASP by Vendor by Price Tier: 2024 Q3
Global smartwatch revenues remained flat in Q3 2024 as new models balanced pricing pressures. Can vendors drive growth in the sub-$500 segment? Explore our report!
Global smartwatch revenues were flat YoY in Q3 2024, as ASPs and shipments both leveled out and were also flat YoY. Macroeconomic weakness and geopolitical uncertainty served to limit consumer demand and discretionary spending, applying downward pricing pressure, which was equally offset by new models like the Samsung Galaxy Watch Ultra and Google Pixel Watch 3, as well as supply constraints and persistent inflation bringing up component costs, applying upward pricing pressure. Being met with limited success in ultra high-end smartwatches, vendors are focused on the sub-US$500 (wholesale) segment. Our extensive report tracks global smartwatch revenues, price, and price bands for all leading vendors by quarter from 2013 to 2024.