Wearable sales are going up, and the Apple Watch extends its dominance

While the phone market is in a decline right now, there are no such issues with wearables. According to the latest figures from Counterpoint, global smartwatch sales increased by 12% year-on-year in 2022, with high-end products — retailing for over $400 — seeing a staggering 129% increase over 2021.

The entry-level sub-$100 category also saw a modest increase, but the rest of the field shrunk as the market consolidated around the budget and high-end. North America was once again the largest wearable market, seeing a decent 6% uptick in sales over the course of 2022, with India now in second with a huge 151% YoY increase.

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