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Smartwatch Shipments in India Highest Ever in Q2


On account of rising client curiosity in smartwatches as an adjunct and a health tracker, smartwatch shipments in India elevated by 312% 12 months over 12 months in Q2 2022, in accordance with the latest statistics given by Counterpoint Analysis on Friday. Wearable-based watches, which noticed shipments rise 298.4% to six.4 million items within the June quarter, are nonetheless the class with the strongest charge of development, in accordance with IDC.

India Smartwatch Cargo Share, Q2 2021 Vs Q2 2022

Quite a few product launches had been reported in the course of the quarter as corporations sought to strengthen their offline presence. Over 300 totally different smartwatch fashions can be found right now, and 50 new fashions had been launched in Q2, in accordance with Counterpoint’s information. The market chief with probably the most product launches in the course of the quarter, Fireplace-Boltt, had a share of 27.7%. It gained floor by increasing its offline presence and providing cheap items. In accordance with Counterpoint, the model was adopted by Noise (26% share) and boAt (19.5% share).

The Galaxy Watch 4 was the primary consider Samsung’s 295% year-on-year development, which led the trade. In accordance with statistics from the analysis agency, Noise was the second-fastest rising model with year-over-year development of 293%, adopted by Pebble (267%), boAt (199%), Apple (197%), and Realme (76%).

Apple’s Watch Sequence 7 has remained its best-selling mannequin and has shipped near 250,000 items in India as of the tip of the third quarter, in accordance with Counterpoint. Apple is anticipated to extend its market share with upcoming bulletins in Q3 2022. Then again, because of the OnePlus Watch’s success, the corporate continued to carry the highest spot within the Rs 10,000–15,000 ($125–$190) retail pricing vary.

By way of channels, offline gross sales channels continued to develop and reached their highest-ever one-third proportion of complete gross sales. In accordance with analysis analyst Harshit Rastogi, the low-end wristwatch market remains to be seeing elevated competitors as a result of half of all fashions fall into the sub-Rs 3500 ($44) retail value vary.



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