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Global shipments of wearables grew 2.6 percent year over year during the third quarter of 2023, according to a recent report. The global shipments of wearable devices reached an all-time high in the quarter. Shipment volumes in Q3 2023 surpassed that of the volumes recorded in Q3 2022 and Q3 2021. The growth is said to be a result of the inflow of smaller brands in the market as well as the inclusion of newer categories, like smart rings, in the race.A report from the International Data Corporation (IDC) on Worldwide…

HMD Global, the company that is in charge of manufacturing Nokia phones, announced it secured the top spot in the feature phone market for Q3 2023, according to the latest analysis by IDC. The detailed breakdown wasn't shared by either the maker or the analyst company, but HMD holds a 30.7% market share by value and 22.4% by volume, marking an increase from the previous three-month period. HMD said four key factors contributed to Nokia’s success. The first is feature phones with UPI (Unified Payments Interface)…

New Delhi: India's…

IDC posted its quarterly analysis of the wearable market in India, revealing a massive 29.2% growth YoY. The top company was boAt, dominating the market with a 29.7% share, nearly three times more than the second-placed Noise. During the July-September period, the country saw 48.1 million shipments, bringing the total for the first nine months up to 105.9 million units – a 5.8% increase compared with the first three quarters of 2022. Overall average selling price (ASP) declined from $27.2 to $21.7, fueled by the…

A recent research states that sluggish performance in the quarter caused India's smartphone market to remain flat year over year in Q3 2023 with shipments of 44 million units. Its forecast for the market in 2023 suggests that shipments will remain steady or decline slightly. The research adds that the first two months of the third quarter, July and August, saw single-digit growth as the channels began early seasonal stocking. However, September saw the lowest shipments since 2019 due to dwindling demand and high prices.A…

Chinese smartphone shipments fell 2.1% in the second quarter, extending a market decline that may persist throughout 2023, research house IDC said. The decline came despite widespread discounting during the “6.18” online shopping festival in June. Apple Inc. was one of the few brands that managed to grow business, by 6.1%, IDC estimated in its latest market report. Shipments from Honor Device Co. and Xiaomi Corp. both declined by more than 17% in the quarter, while Huawei Technologies Co. lifted shipments 76.1%, mainly…

Image Source : NOISE Noise achieves over Rs 2,000 crore in revenue in FY23 Noise, a domestic manufacturer of consumer wearables, has announced that it has achieved over Rs 2,000 crore in revenue in FY23, with a remarkable year-on-year growth rate of more than 100%. Additionally, it has been reported that over 95% of Noise production takes place within India. With…

The Indian smart wearables market scored a huge 80.9% increase in shipments in Q1 of 2023 compared to last year. According to an IDC report, more than 25 million wearables shipped in India in the months January through March - a big improvement year-over-year but flat quarter-over-quarter, thanks to a solid Q422. Smartwatches saw a spike of nearly 180% in shipments, with the basic smartwatch accounting for 98% of the total segment. Earwear also grew by 48.5% compared to last year with TWS earbuds taking up nearly 64%.…

The International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker reported a 31% year-over-year decrease in Chromebook shipments during Q1 2023. In the market for Chromebooks, HP emerged as the leader with a 27.8% market share by shipping 1.1 million units. Further, HP was the only manufacturer which witnessed year-over-year growth in Q1 2023. Last year, HP shipped 0.8 million units, which turned a 35.5% growth for the company.Following closely was Lenovo, with a market share of 21.3%, having…

New Delhi: India’s smartphone market recorded its lowest shipment figures in the past four years during the first quarter of 2023, with high inventory…