The wearable device market in India has experienced its first-ever decline, with shipments falling by 10% year-over-year (YoY) to 29.5 million units in the second quarter of 2024. According to IDC's India Monthly Wearable Device Tracker, this downturn marks a significant shift in the market dynamics. The first half of 2024 also saw a 4.7% decline, with 55.1 million units shipped, reflecting a cautious approach by vendors to inventory management as they focused on clearing old stock ahead of the festive season.
The average selling price (ASP) for wearables hit a record low, dropping by 10.3% from USD 21.0 to USD 18.8. in the second quarter of 2024. Overall, the smartwatch category faced significant challenges, recording a steep 27.4% YoY decline to 9.3 million units. The share of smartwatches within the overall wearables market fell from 39.0% in 2023 to 31.5% in 2Q24. A combination of high channel inventory, particularly of previous-generation models, and a slowdown in innovation contributed to this decline.
Denne historien er fra August 2024-utgaven av Voice and Data.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 2024-utgaven av Voice and Data.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
"Managing complex networks is critical in Industry 4.0"
Jophy Varghese is Verizon's APAC Head for System Integrators and Strategic Alliances. With over 15 years of expertise in IT and telecom, He has been instrumental in driving digital transformation across Asia-Pacific, Australia, and Japan. A customer-centric global business leader, he has consistently built strong partnerships that foster innovation and profitability, enabling enterprises to leverage advanced technologies for transformative growth.
Empowering networks to think and adapt
Networks are leveraging Al and automation to simplify telecom complexities, enabling seamless operations and transformative efficiency
Transforming networks, powering industrial innovation
AI and ML are transforming telecom, driving automation, energy efficiency, and innovation across industries from healthcare to smart farming
Unlock enterprise success through satellite intelligence
Satellite data delivers real-time insights to optimise operations and give businesses a competitive edge in today's dynamic global market
"NaaS means different things to different customers"
Brink Sanders, Vice President of Global Networking Sales at Cisco Systems, has played a pivotal role in shaping the company's approach to networking solutions since joining the company in 2007. With extensive experience across sales, operations, and business development, Sanders' leadership journey includes notable roles such as VP of Transformation Strategy and Planning. Before Cisco, he held senior positions at Trianz and webMethods (now Software AG), driving innovation and strategic growth.
DIALLING up the FUTURE
Why choose cloud telephony over VoIP? It is more than just a fancier suit; it is a game-changer for scalable, seamless, and hardware-free communication
India unveils draft rules for DPDP Act, opens public consultation
The DPDP draft rules aim to safeguard personal data while balancing user privacy, regulatory oversight, and operational flexibility for businesses
Adam's Apple moment for AI models
Traditional language models struggled with voice, losing time, accuracy, and nuance. Are voice-driven models the game-changing twist the world needs?
Spectrum clash clouds Wi-Fi 7's path to seamless connectivity
Wi-Fi 7's rollout in India faces hurdles as the 6GHz spectrum's allocation remains unresolved, limiting its full potential in a growing tech market
Weaving chip magic into tomorrow's digital fabric
Semiconductors are powering India's 5G revolution, bridging divides, and paving the way for breakthroughs in Al, 6G, and quantum computing
