Wearable Shipments Grow 20%, Watches 173% In Q1 22: Report
NEW DELHI: India shipped 13.9 million wearable devices including watches, wristbands, and ear-wears in the first quarter of 2022, up 20.1% year-on-year (YoY), reported International Data Corporation (IDC) on May 16. Watches were the fastest growing category with a 173% YoY growth. IDC attributes the growth to “new launches, discounts across channels, and aggressive marketing by brands."
The average selling price (ASP) of wearables declined by 17.1% YoY, due to a decline in the ASP of…