India’s wearable market saw its first decline in Q2 2024, with a 10% drop in shipments largely due to inventory issues and limited innovation. Smartwatches experienced the steepest fall, down 27.4% year-on-year, as oversupply and lack of new features reduced demand. India’s wearable market has hit its first-ever decline, according...
In FY 2022-23, India’s production of electronic wearables experienced a remarkable surge in value, reaching Rs 8,000 crore. The industry is optimistic to achieve a two-fold increase in its production to reach Rs 15,000-17,000 crore in the FY 2023-24. Image Credit: Pixabay The global wearable industry is expected to reach...
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