Xiaomi leads India's wearables market
The success of the Chinese retailer Xiaomi’s Mi Band 3 wearable fitness tracker has contributed to it maintaining the top spot in India’s wearables market. The IDC reported that the newly launched smart watch was the most shipped wearable in India to date.
The IDC released its ranking for the sector on December 6 and stated that Xiaomi had a 41-percent market share in the third quarter of this year, as reported by IANS. GOQii came in second place with a 19-percent market share and 47-percent year-on-year growth in this calendar year’s third quarter, according to the report. Following that, Titan came in third place thanks to its recent product launches and promotions in the sector.
However, despite growth in the smart watch market in India, overall wearables shipments decreased by 11 percent in the same time period when compared to the previous quarter. Despite this, the overall wearables market saw 17 percent year-on-year growth when compared to the third quarter of 2017. A total of 897,000 wearables were shipped to addresses in India, said the report.
"It is too early to say that the India wearables market has started moving towards the smart wearables," Jaipal Singh, Associate Research Manager for Client Devices at IDC India told IANS. "However, vendors have started analysing the big pricing gaps between the basic and smart wearables." The quarter saw smart wearables shipments cross the 100,000 mark for the first time at 102,000 units shipped.
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