Honor has witnessed fabulous sales in its wearables segment in the first three quarters of the previous year. The company has claimed that its sales have increased by 1333% YoY in the last year compared to 2018 for the same period. The Honor’s 1+8+N strategy has finally come to work and the results show the company will also follow the strategy in the current year. In the 1+8+N plan, ‘1’ refers to one smartphone while ‘8’ for smartwatches, trackers, earbuds and other IoT gadgets. And the ‘N’ stands for mobile offices, smart homes audio-visual entertainment, etc.
The company has increased its sales in Russia, where it has achieved 84% growth. Now honor sits on 25% shares of the wearable products in Russia. Thanks to its newly launched Magicwatch 2 smartwatch & Band 5i fitness tracker which are now available in the major markets. India is also a big market for Honor. In the country, its Band 4 & band 5 are most selling bands after Xiaomi’s Mi Band 3 & Band 4 trackers.
Not only in the wearable market, but the smartphone market has enhanced its sales. In the smartphone segment, the company has seen a growth of 21% in the overseas market. The Honor MagicWatch 2 & Band 5i has just launched in India and soon available in more countries. These new wearables may help the company to grab some more shares from its competitors.
Madhav Biradar started his career in technology back in 2011, where he covered mobile & gaming articles. He is an enthusiast in smartphone & wearable gadgets. In his free time, he likes to read about new tech gadgets and watch movies.