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The global smartwatch market fell 7% in 2024, with Apple declining, China leading, Xiaomi surging, and kids' smartwatches as the only growing segment.

Global smartwatch shipments dipped 7% in 2024 compared to the year prior. This is the first time since the original Apple Watch model debuted in 2014 that the market has seen any decline.

The report credits Xiaomi's success to the impressive performance of its more premium Watch S1 and budget-friendly Redmi Watch. While these smartwatches may not be top-tier in terms of features, their ...

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The company also unveiled the Mijia S1, a $70 espresso machine designed to be fast, quiet, and powered by magnetic technology. For more daily updates, please visit our News Section.