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Wearables Market: The overall ASP declined by 20.4% from $27.2 (~Rs 2,200) to $21.7 (~Rs 1,800). On account of heavy discounting and offers across channels, the smartwatch ASP slid 35.5% year-over-year to $26.7 in Q3 2023, according to IDC. The ASP for TWS stood at $19.5 with a decline of 17.1% year-over-year.

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