Zepp Health’s Q2-2024 results showed a 56% YoY Hi guys! Zepp Health’s Q2-2024 results showed a 56% YoY revenue drop, primarily due to softer smartwatch demand and stronger competition. While revenue dipped, cost-cutting measures improved gross margins and reduced operating expenses. Global smartwatch shipments are down 9% YoY but are expected to bounce back by 5%-10% in 2024, driven by health trends and AI integration.
Zepp remains the sixth-largest player in the market and is forecasting a strong rebound in H2 with new product launches. With shares trading well below liquid assets, this might be an interesting point to reassess.