Analysts attributed this downturn primarily to a reduction in new product launches and a cautious inventory strategy, even during the festive season
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
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
Industry insiders say that the decline in demand is a result of cheaper products flooding the market, in combination with a base correction
The threat actor has put out around 2 Gigabytes of personally identifiable information (PII) of boAt users on dark web forums, claimed the reports
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
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
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
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
In January this year, Dr Reddy's entered an exclusive agreement with Theranica for the marketing and distribution of Nerivio in India
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
Although the margins are higher on expensive products, the average selling price of smartwatches was at an all-time low in the June quarter
Average selling price of smartwatches declines 44.9% as new launches increase, it says
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
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
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
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)
Smart devices and accessories maker Gizmore on Tuesday announced a strategic partnership with Staunch Electronics India. This will help Gizmore to expand its presence in the hearable and wearable categories and bring innovative products to its customers, said a joint statement. "With Staunch Electronics India as its strategic manufacturing partner, Gizmore is targeting a 5 per cent market share in the hearable and wearable category by the end of this fiscal year," it said. This partnership will pave the way for Gizmore to introduce new and exciting products, giving customers access to technology and premium quality products at an a?ordable price, it added. Gizmore plans to sell one million audio devices in 2023-24, with a major focus on the truly wireless earphones category. The company will introduce 5-6 new truly wireless earphones in the coming quarter, featuring technology such as Active Noise Cancellation (ANC) and Environment Noise Cancellation (ENC). Gizmore's CEO and ...
Snap, the parent company of Snapchat, has hinted at future AR glasses powered by generative AI technology during its fourth-quarter earnings call on Tuesday
Apple will reportedly launch a new 'Apple Watch Ultra' with a larger 2.1-inch display next year, the media reported