Apple Watch Series 8 & Ultra propelled growth in China

Apple was one of the only companies to grow its wearables business in China in 2022, with the Apple Watch Ultra helping to create a new segment for professional smartwatches.Apple Watch Ultra created demand for professional devicesChina's smartwatch shipments decreased by 9.3% year-over-year in 2022, primarily due to the impact of the COVID-zero policy. As a result, the market shrank to pre-COVID levels, with only quarter one of 2022 registering a quarterly year-over-year shipment growth. Read more...