Just In
- 9 hrs ago Nothing Ear, Ear (a) With ANC, Up to 42.5 Hours of Battery Launched; Check Price and Availability
- 9 hrs ago Google Drive Gets Long-Awaited Dark Mode for Web - Here's How to Activate
- 10 hrs ago Vivo V30e Launch in India Teased 50 MP Sony IMX882 Camera, 5,500 mAh Battery Confirmed
- 11 hrs ago AMD Revamps Business Computing with AI-Fueled Ryzen PRO 8000 Series Processors
Don't Miss
- Finance 1:10 Stock Split: 1 Rs 980 Smallcap Has Split Into Ten Shares; Check Out New Price Level, Fundamentals!
- Lifestyle Kamada Ekadashi 2024 Wishes: Greetings, Messages, Texts, Images, Twitter Status And Instagram Captions
- Sports Who Won Yesterday's IPL Match 33? PBKS vs MI, IPL 2024 on April 17: Mumbai Indians Escape Last-Ditched Fight by Punjab Kings To Win
- Movies Do Aur Do Pyaar OTT Release Date & Platform: When & Where To Watch Vidya Balan’s Film After Theatrical Run?
- News BRS Chief K Chandrasekhar Rao Slams BJP, Says K Kavitha's Arrest Is Vendetta Politics
- Automobiles Aprilia RS 457 Accessories: A Detailed Look At The Prices
- Education Karnataka SSLC Result 2024 Soon, Know How to Check Through Website, SMS and Digilocker
- Travel Telangana's Waterfall: A Serene Escape Into Nature's Marvels
Xiaomi tops Indian wearable market despite 11% shipments decline
Xiaomi and GOQii are followed by Titan, Samsung, and Fossil in terms of market share.
Chinese electronics company Xiaomi maintained its leadership in the market for the 5th consecutive quarter with 41 percent market share in 2018Q3, as per the new report by International Data Corp (IDC).
The newly launched Mi band 3 became the most shipped wearable product ever in the history of wearables in India, IDC said.
While, GOQii continues to hold the second position with a healthy 47 percent year-over-year growth and 19 percent market share in Q3 in 2018, showed the report.
It remains the leading player in the commercial segment, as two-thirds of its shipments are billed to enterprises under the corporate wellness program, report further said.
Xiaomi and GOQii are followed by Titan, Samsung, and Fossil in terms of market share.
However, the overall shipments declined 11 percent from the previous quarter largely because of the double-digit decline in the basic wearables. Wearables companies had procured a high inventory of basic wearables, mostly on wristbands in the 2018Q2, which they cleared in the initial months of the third quarter.
"It is too early to say that the India wearables market has started moving towards the smart wearables. However, vendors have started analyzing the big pricing gaps between the basic and smart wearables," said Jaipal Singh, Associate Research Manager, Client Devices, IDC India.
He further adds, "While vendors need to identify a new pricing sweet spot for smartwatches, the next challenge is to address the positioning of watches which is still seen as a vanity product in India. Also, many vendors haven't explored the kid segment which can be a volume driver for this category as they are more comfortable with technology and new products."
"The overall wearable market is expected to continue its double-digit growth in 2019. While the growth of basic wearables will slow down as users look at upgrading to smarter wearable products," said Navkendar Singh, Associate Research Director, Client Devices & IPDS, IDC India
He also said it will remain the dominant category in India for the next few years. We will see a few more smartwatches with cellular connectivity and also vendors will be looking to explore some of the new categories to provide solutions around healthcare and lifestyle management."
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
62,425
-
1,15,909
-
93,635
-
75,804
-
9,999
-
11,999
-
3,999
-
2,500
-
3,599
-
8,893