India’s wearable market witnessed unprecedented growth in 2023, with 34 per cent surge in sales, reaching a historic high of 134.2 million units. The growth was fueled by good performances in both the smartwatch and earwear segments. Smartwatch shipments saw 73.7 per cent year-over-year (YoY) increase, totaling 53.4 million units in 2023. Market dynamics shifted […]
The US International Trade Commission (ITC) has reportedly opposed Apple’s petition seeking a stay in a case involving the sales of its flagship device, smartwatches, according to a media report on Thursday. This is regarding a complaint by California-based tech company Masimo which allegedly claimed that Apple had infringed its patents. Earlier, ITC had considered […]
Beauty and personal care (BPC) products in the burgeoning D2C segment emerged as the largest selling category in India after about 3.7 lakh packs of Vitamin C Serum were sold during 2023, according to GoKwik’s network data report. The highest repeat rate was also observed in BPC at 30 per cent, followed by fashion at […]
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 […]
Wearable devices market in India saw a robust 53.3 per cent yearly growth in the first half of 2023, with shipping of 57.8 million units, according to data released by International Data Corporation (IDC). International Data Corporation (IDC) is a global market intelligence and advisory services provider. During the quarter of 2023, 32.8 million wearables […]
Vijay Sales, a consumer electronics retailer’s a major growth driver is the kitchen segment, following the wearables segments which include smartwatches, fitness trackers and other wearable devices. The Indian wearables market reported 80.9 per cent year-on-year (YoY) growth in first quarter of the year 2023. While talking about the growing wearable market in India, Nilesh […]
