According to International Data Corporation (IDC), a global market intelligence and advisory services provider, shipping in the first half of 2024 declined by 4.7 per cent, shipping 55.1 million units.
Cautious inventory stocking by the vendors with a focus on clearing the old stock before the festive season begins and fewer new launches were the key reasons for this decline, as per the report.
The average selling price (ASP) for the overall wearables also hit a record low, declining by 10.3 per cent from USD 21.0 to USD 18.8 in the second quarter of 2024, the tracker maintained by IDC showed.
The smartwatch category continued to struggle, declining by 27.4 per cent year-on year to 9.3 million units. The share of smartwatches within wearables dropped to 31.5 per cent from 39.0 per cent in second quarter of 2023.
"Channel inventory, especially of previous generation models, and innovation exhaustion are restricting growth," the IDC said.
Smartwatch average selling price dropped to USD 20.6 from USD 25.6 a year ago due to price cuts to clear inventory and discounts/ offers by brands, advanced smartwatches grew by 21.9 per cent, with market share increasing from 1.5 per cent to 2.5 per cent, the tracker said.
Bu hikaye The Business Guardian dergisinin August 09, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Business Guardian dergisinin August 09, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
HC rejects Swati Maliwal's plea for framing charges against her in corruption case
NEW DELHI In the Delhi Commission for Women (DCW) recruitment case, the Delhi High Court has rejected the plea of Rajya Sabha MP and former DCW chairperson, Swati Maliwal, against the framing of charges against her in December 2022.
Former BharatPe officer sent to five-day police custody forgery case
TDG NETWORK NEW DELHI Delhi's Saket Court on Friday remanded Deepak Gupta, a former head of administration and procurement of BharatPe, to five days of police custody.
BIKER DIED AFTER COLLISION WITH CAR IN GURUGRAM
A biker died on the spot after a collision with a car driving from the wrong side in the Gurugram district of Haryana.
We are planning to bring a new law for doctors' safety: MP Manoj Tiwari
During the inauguration event of the dedicated Aorta Centre for the diagnosis and treatment of aortic diseases at Fortis Escorts Heart Institute Okhla, BJP MP Manoj Tiwari, Chief Guest of the event announced that the government is planning to bring a law for doctors' safety.
If Kejriwal is not elected. CM, Delhi will see power hike like UP: Atishi
AAP leader and Delhi Chief Minister designate Atishi on Friday said that if people in the national capital do not make Arvind Kejriwal Chief Minister, they will see expensive electricity, and long power cuts as in Uttar Pradesh under the BJP government.
Police imposes MCOCA on Hashim Baba
The Delhi Police has imposed the Maharashtra Control of Organised Crime Act (MCOCA) on jailed notorious gangster Hashim Baba and eight other members of his gang for their continuous involvement in criminal activity, officials confirmed on Friday.
Kejriwal to address Janta Ki Adalať at Jantar Mantar on Sept 22
The Aam Aadmi Party (AAP) is gearing up for a fierce battle in the upcoming Delhi Assembly elections, with a focus on strengthening its booth-level organisation.
Supreme Court: Section 195 CrPC Bar Not Applicable When Forgery Was Committed On Document Before It Was Given As Evidence In Court
The Supreme Court in the case Arockiasamy v.
Telangana High Court: Driving Vehicle Number Plate Not 'Cheating' Under Section 420 IPC
The Telangana High Court in the case observed and has quashed a cheating case which is being registered against a two-wheeler driver.
Supreme Court Issued Notice To Union & States On Plea Seeking Virtual Hearings Before Land Acquisition And Rehabilitation Authorities
The Supreme Court in the case Kishan Chand Jain Versus Union Of India And Ors observed and has issued notice to the Union and all State Governments in a Public Interest Litigation, PIL filed seeking virtual hearings for land acquisition compensation claims by Land Acquisition and Rehabilitation Authorities, LARRAS.
