Canalys released its report on the global wearables market in Q4 and the entire 2022. The numbers revealed 50 million shipped units between October and December, which was a massive 18% decline - the biggest since data is collected and analyzed. All five major companies - Apple, Xiaomi, Huawei, Samsung, and Google, saw a YoY decline in shipments during the holiday period, and only Cupertino saw annual growth for the full calendar year. Canalys quoted the “challenging macroeconomic environment in Q4” as the main reason for the decline across the board. Apple remained the...
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