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Yesterday Canalys released the 2021’s global wearables shipment report in which the top three vendors are Apple, Xiaomi, and Huawei. As per the report, the global wearables device shipment will hit 193 million with a year-on-year growth of 4.3%.

 

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Following the data report, Apple tops the list with shipped units of over 39 million and noted a growth rate of 11.8%. While the second position is captured by Xiaomi with 29 million units with a decrease of 23% YoY.

 

Among the top five wearables vendors, the third rank is secured by Huawei with 19 million devices with a YoY decline of 40%  because of Huawei and Honor’s separation as well as other sanctions. Moreover, Fitbit and Samsung are fourth and fifth with an increase of 12.7% and 52.7% respectively.

 

 

However In the Chinese market, Huawei, Xiaomi, XTC, Apple, and Honor rank in the top five, with market shares of 31%, 19%, 10%, 5%, and 4% respectively.

 

 

Huawei overall turnover is amazing with global turnover of 636.8 billion yuan, a net profit of 113.7 billion yuan with an increase of 75.9% year on year (YoY). In the future, Huawei will continue to invest more in R&D development.

 

In 2021, R&D investment will reach 142.7 billion yuan accounting for 22.4% of the annual revenue. The total R&D expenditure in ten years exceeds 845 billion yuan.

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