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Smartwatch deliveries in India dipped annually for the very first time in 2024, as prospects relocated removed from cheap, unknown brands. Apple threw the broader sample, however, with a reported 2.4 x growth for the 12 months.
In keeping with data from professional firm Counterpoint, India’s smartwatch deliveries went down 30% year-on-year in 2024. Indicators of lowering gross sales emerged last year, as {the marketplace} was swamped with unidentified model names. The sample aversely influenced developed residential avid gamers, lowering the speed of growth consequently.
As the broader market failed, Apple Watch noticed a 141% rise in its deliveries in 2014. That growth threw a 57% lower for the agency in 2023, in accordance with Counterpoint.
Counterpoint aged professional Anshika Jain knowledgeable TechCrunch that the Apple Watch noticed an uptick in 2014 as, “some seasoned prospects progressively transferred to progressive smartwatches” for significantly better well being and wellness understandings, good system assimilation, and varied different capabilities missing on cheaper devices.
” We anticipate this increasing sample to proceed in 2025,” she included.
The event in Apple Watch deliveries traces up with the the apple iphone’s rising marketshare within the nation. Apple grew to become among the many top-five good system suppliers in India in 2014, with an about 10% share in in This autumn.
Nonetheless, Apple Watch’s substantial growth inevitably had little impact on its common share of the 35 million smartwatches shipped in India last year, in accordance with IDC. Counterpoint, which doesn’t share outright supply numbers, knowledgeable TechCrunch that the Apple Watch made up roughly 2% of India’s complete smartwatch market in 2024.
Apple Watch’s success improved common prices smartwatch (valued over $230) deliveries in India, with 147% growth. The Assortment 10 was the main model, adhered to by the Assortment 9. The Apple Watch cumulatively recorded 50% of the general prices smartwatch part within the nation, per Counterpoint.
Samsung and OnePlus have been the assorted different main avid gamers within the prices part in 2014, with a 4% and 1% market share, particularly.
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