Part 6/7:
Despite the overall downturn, it is not all doom and gloom for the smartwatch industry. While Western giants face challenges, Chinese manufacturers have found ways to shine. Companies like Xiaomi, Huawei, and Imoo are carving out significant market niches by providing affordable options, including smartwatches designed specifically for children. These devices resonate with parents, as they offer security and a means of constant connectivity with their kids. Consequently, China's market for smartwatches has rapidly expanded, surpassing that of India and the United States for the first time and accounting for 25% of global sales.