Smartwatch shipments in India increased 50 per cent year-over-year (YoY) in 2023 driven by the rising penetration of smartwatches, proliferation of affordable devices, Indian brands’ enhanced efforts to grow sales, and local manufacturing, according to a Counterpoint Research report released on Wednesday. “While the market continues to register high growth rates, we are seeing some […]
The global smartwatch shipments increased 9 per cent in Q3 FY23 compared to same quarter last year, according to Counterpoint Research. The primary drivers of this growth were sustained strong performance of the Indian market led by Fire-Boltt as well as Huawei smartwatches. Amid a global economic slowdown, most consumer device like smartphones are […]
India’s smartwatch shipments experienced a 21 per cent year-on-year (YoY) growth in the third quarter of 2023 (Q3 2023), reaching a historic high for domestic manufacturing at 82 per cent, compared to a 4 per cent a year ago, according to a Counterpoint Research report. The surge in shipments was primarily fueled by a substantial […]
Indian brand Fire-Boltt surpassed electronics major Samsung in global smartwatch shipments to reach the second position in the global market behind Apple. Fire-Boltt’s shipments increased by approximately three times compared to the previous year and saw a 57 per cent growth compared to the previous quarter. This growth happened parallelly to the growth in shipments […]
