2020 Q1: Huami Ranked the Top 5 in both Global Watch Shipment and Market Share[1]
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Despite challenging market conditions that have impacted the consumer electronics industry,
Huami ranked No,1 by market share (excluding kids' products) in Indonesia, Italy, Spain and India. Furthermore, Huami takes a record 58% share in Indonesia; 38% share in Italy; 24% share in Spain; 23% share in India. Huami also entered the top five for the first time in the US, the world's largest single watch market. Besides, Huami entered the top 3 by shipment (excluding kids' products) in Thailand; the top 4 in Russis and the top 5 in Brazil, France, Germany, Poland and China[2].
Unaudited financial results for the first quarter ended March 31, 2020 showed that Huami revenues reached RMB1,088.5 million (US$153.7 million), representing an increase of 36.1% from the first quarter of 2019. Total units shipped reached 7.6 million, compared with 5.6 million in the first quarter of 2019.
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