Apple Watch shipments fell by 19% year-over-year in 2024, marking the second consecutive year of decline, with North America driving the global drop.
In the advanced smartwatch segment, Apple's market share decreased by 8 percentage points YoY in 2024, with Q4 2024 being the fifth consecutive quarter of decline in Apple's smartwatch shipments.
The decline in 2024 was influenced by fewer substantial upgrades in Apple's latest Watch Series 10 and absence of Watch Ultra 3 and Watch SE models in the latest releases.
To make a comeback in 2025, Apple needs to introduce new features, launch Watch SE and Watch Ultra models, and focus on design upgrades to boost sales.