Wearable Device

Smart wearable firm Boult expects 33% growth in FY25, Rs 800 cr net revenue

Smart wearable firm Boult expects to close the current financial year with about 33 per cent growth in net revenue at Rs 800 crore, a top company official said on Wednesday. Speaking on the sidelines of launching new TWS (truly wireless) earwears, as part of a collaboration with Ford Mustang, Boult Co-Founder and CEO, Varun Gupta said the company expects the 25 per cent of total sales to come from smartwatch portfolio and around 75 per cent from audio devices in the current fiscal year. "We had Rs 600 crore revenue in 2024-25. This year, we are on track to record a revenue of Rs 800 crore minus taxes. Our gross merchandise value will be over Rs 1,000 crore," Gupta said. According to the market research firm IDC, India's wearable device full-year shipments declined year-on-year for the first time ever, falling 11.3 per cent to 119 million units in 2024 compared to about 134 million units supplied in 2023. The major decline was driven by smartwatches while the earwear category ...

Indian wearable device shipments fall 11.3% to 119 mn units for CY24: IDC

The market also shrank for the third consecutive quarter, down 8.7 per cent to 25.9 million units in 4Q24

Meta developing Oakley-branded smart glasses, new wearables: What to expect

Reportedly, Meta is expanding its partnership with EssilorLuxottica to develop Oakley-branded smart glasses and new Ray-Ban glasses with a built-in display

Indian wearables market declines for 2nd straight quarter by 20.7%: IDC

Analysts attributed this downturn primarily to a reduction in new product launches and a cautious inventory strategy, even during the festive season

Samsung Galaxy Ring launching in India soon, pre-reserve kicks off: Details

Customers interested in purchasing the Samsung Galaxy Ring can pre-reserve a unit by paying a token amount of Rs 1,999 on Samsung India's official website

India's wearable devices market dips by 10% to 29.5 mn units in Q1: IDC

Wearable device shipments in India recorded the first-ever decline, falling by 10 per cent in June 2024 quarter to 29.5 million units, due to large unsold stocks of old models and lower level of innovation in the segment, market research firm IDC said on Thursday. According to the report, Oppo along with OnePlus had the biggest fall in shipment of 35.8 per cent year on year (YoY). It was followed by Fire-Boltt whose wearable shipment declined by 24.3 per cent, Noise with a drop of 13.9 per cent, and boAT 9.8 per cent year on year. Boult was the only player among top five brands, which recorded a 9.6 per cent jump in the shipment. Despite decline in total shipment, boAt (Imagine Marketing) led the wearable segment with 26.7 per cent share, followed by Noise (Nexxbase) with 13 per cent share, Boult 8.1 per cent, Fire-Boltt 8 per cent, Oppo (combined with OnePlus) 7.6 per cent. "Cautious inventory stocking by the vendors with a focus on clearing the old stock before the festive season

Limited innovation forces wearables market players to reassess strategy

Industry insiders say that the decline in demand is a result of cheaper products flooding the market, in combination with a base correction

Boat suffers data breach: Personal data of 7.5 mn users leaked on dark web

The threat actor has put out around 2 Gigabytes of personally identifiable information (PII) of boAt users on dark web forums, claimed the reports

Ultrahuman raises $35 mn to accelerate growth, research in health space

By collating a large set of biomarkers on an integrated platform across a range of products, Ultrahuman is able to create a grand unified view of the human body

CES 2024: Asus joins eyewear tech race, unveils AirVision M1 smart glasses

The Asus AirVision M1 is not a standalone device, but a peripheral that connects with a range of devices with support for DisplayPort Alt mode over USB-C

Fireboltt starts sale of wrist-phones, expects 30% of wearables revenue

Smart wearable brand Fireboltt expects its new Android wristphone, a combination of a smartwatch and smartphone, to contribute around 30 per cent of its revenue from wearables. The company launched the sale of the 4G LTE nano SIM-enabled Dream wristphone on Wednesday. The device has the capabilities of a smartphone in a compact smartwatch design, providing all key functions like calling, messaging and social media apps like YouTube and WhatsApp. The company, which claims to be the first company to launch an Android wristphone, started the sales on e-commerce major Flipkart, its website and offline stores across the country. The company has priced the smartwatch-cum-phone featuring a 2.02-inch screen at Rs 5,999. The device runs on Android 8.1 OS and is powered by a Cortex Quad-Core CPU with 2GB RAM and 16GB storage. Fireboltt CEO and founder Arnav Kishore said the Dream wristphone is positioned to revolutionise the market, and the company foresees it claiming a significant share

Wearables: Do you want Mark Zuckerberg snooping around in your closet?

Now companies like Google and Meta have an opportunity to watch our real-world lives through wearables, which could make today's online surveillance business look like something out of the Stone Age

Dr Reddy's launches wearable device for drug-free management of migraine

In January this year, Dr Reddy's entered an exclusive agreement with Theranica for the marketing and distribution of Nerivio in India

Samsung may introduce Galaxy Ring fitness tracker at Unpacked event in 2024

Samsung is reportedly working on a smart ring with health and fitness tracking capabilities that is expected to launch alongside Galaxy S24 series at the Galaxy Unpacked event early next year

Smartwatch prices drop in India as brands try to secure higher market share

Although the margins are higher on expensive products, the average selling price of smartwatches was at an all-time low in the June quarter

India wearables market grows 53.3% in first half of CY2023: Report

Average selling price of smartwatches declines 44.9% as new launches increase, it says

Indian mkt growing well, overseas plans to be in place FY25: boAt's Gupta

The audio and wearables market in India is growing at a good pace, driving incremental revenue and production ramp-up plans for boAt, and the company's international blueprint will be set in motion only from FY25 onwards, its co-founder Aman Gupta has said. The overseas plans are currently in the making, but for now, the company is determined to cement its position in the smartwatches segment, its biggest focus this year. "For this year, our focus is not international...we are putting (building) blocks so that by next year, we should start looking at international...This year, we are trying to test the waters with some markets," Gupta told PTI. Overall, boAt is targeting gross sales of about Rs 5,000 crore in FY24. "The market is growing at a very good pace. In audio, we are the market leaders, while in wearables, we are competing with different players and competition keeps changing. The smartwatch market is growing at a high, good pace, and that is our biggest focus now, this yea

Lower penetration, affordability to make India top wearables market in 2023

While India has big numbers to its credit, wearables sold in North America and China are relatively costlier and come with high-level operating systems such as Apple's WatchOS and Google's Wear OS

Gizmore launches new smartwatch with Ultra HD Curve display at Rs 1,299

Homegrown smart accessories brand Gizmore has launched its latest 'Made in India' smartwatch, featuring a 1.39 inch (3.54 cm) Ultra HD Always ON curve screen and a premium sleek and slim metal body

Noise reports over Rs 2,000 crore revenue in FY23 with 100% growth YoY

Homegrown consumer wearable company Noise on Friday said it clocked over Rs 2,000 crore in revenue in FY23 with a record growth of over 100 per cent (year-on-year)