IDC: India's Wearable Device Market Grew 2.1% YoY in 1Q24 to 25.6 Million Units · EMSNow emsnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from emsnow.com Daily Mail and Mail on Sunday newspapers.
The average selling price (ASP) for overall wearable devices has declined by more than 17 per cent in the first quarter of 2024, from USD 22.62 to USD 18.59, a record low, the International Data Corporation (IDC) observed in its latest report.
The Indian wearables market has continued to perform well in 2024, reporting a 2.1% year-on-year growth in Q1 2024. The wearables market recorded double-digit growth in 2023. According to a report by the International Data Corporation (IDC), 25.6 million wearables were shipped in Q1 2024. Wearables include smartwatches and earwear such as truly wireless earbuds (TWS) and neckbands. While a small growth has been recorded in the first quarter, the growth was hindered by high inventory carried over from the festive season in 2023.
India's Wearable Device Market Sees Slowed Growth Amid High Inventory Levels telecomlead.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telecomlead.com Daily Mail and Mail on Sunday newspapers.
India's wearable device market increased by 2.1 per cent (year-over-year) in the first quarter (Q1) of 2024 to 25.6 million units after growing by at least double digits consecutively since the fourth quarter (Q4) of 2017, a new report showed .