Business
Huawei Intensifies Competition in Global Smartwatch Market with New GT 5 Series: A Bold Challenge to Apple Watch Amid Rising Demand
Huawei intensifies competition in the global smartwatch industry with the introduction of the new GT 5 series, taking on Apple Watch. The recent product unveiling by Huawei, which is under US sanctions, shows the company's drive to increase profits in light of growing demand for high-tech smartwatches in 2024.
This comes after the global release of the series last week, with prices starting at €249 (US$279). The mental health feature, as per the privately owned firm's statement, will not be accessible in Europe.
According to a study by the research company IDC, Huawei dominated the worldwide market for wrist-worn gadgets, including smartwatches and wristbands, in the second quarter. The company shipped 8.9 million units, securing a 20.3% market share. This marks the second quarter in a row that Huawei has topped this market.
Discover more from Automobilnews News - The first AI News Portal world wide
Subscribe to get the latest posts sent to your email.