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IDC: wearables market grows 8.8% in Q1, but buyers focus on cheaper models
11:07 pm | June 5, 2024

Author: admin | Category: Mobile phones news | Tags: | Comments: Off

The wearables market grew 8.8% in the first quarter of 2024 compared to Q1 last year. However, the market is continuing to shift towards cheaper models as this was the fifth straight quarter of declining Average Selling Price (ASP). This insight comes from IDC’s Worldwide Quarterly Wearable Device Tracker. The analysts say that consumers don’t see much point in spending extra cash on premium models and mostly stick to mid-range and entry-level devices, hence the declining ASP. But once advanced sensors, ones that can measure blood pressure or glucose, hit the market, things will change...

IDC: wearables market grows 8.8% in Q1, but buyers focus on cheaper models
11:07 pm |

Author: admin | Category: Mobile phones news | Tags: | Comments: Off

The wearables market grew 8.8% in the first quarter of 2024 compared to Q1 last year. However, the market is continuing to shift towards cheaper models as this was the fifth straight quarter of declining Average Selling Price (ASP). This insight comes from IDC’s Worldwide Quarterly Wearable Device Tracker. The analysts say that consumers don’t see much point in spending extra cash on premium models and mostly stick to mid-range and entry-level devices, hence the declining ASP. But once advanced sensors, ones that can measure blood pressure or glucose, hit the market, things will change...

IDC: Honor and Huawei topped China’s smartphone market in Q1
1:39 pm | April 25, 2024

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The Chinese smartphone market grew by 6.5% in Q1,2024 thanks to robust demand for Huawei and Honor devices. The IDC quarterly mobile phone tracker shows an estimated total of 69.3 million smartphones were shipped in the first three months of the year, led by Honor and Huawei. The two companies are neck and neck for the leading position with each controlling a 17% share of the market. Huawei’s market share growth is impressive with a 110% rise compared to Q1 2023. The drive was pushed by the New Lunar Year shopping spree in the low and midrange segments and the AI buzz in the premium...

IDC: Samsung back as top smartphone vendor, market up 7.8%
9:12 pm | April 15, 2024

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IDC's report on the global smartphone market in Q1 of 2024 revaled that Samsung regained the top spot from Apple, but it was more due to Apple's lower sales than Samsung's higher ones. Samsung shipped 60.1 million total smartphones in Q1, that's 0.7% less than the same quarter of 2023 at 60.5 million. However, Apple's 50.1 million Q1 of 2024 is nearly 10% down, compared to the same time last year. The global market recorded its third consecutive positive quarter with 289.4 million units shipped - up 7.8% year-over-year. Xiaomi is back in form with a 33.8% increase in sales YoY,...

IDC confirms: Apple was king of the smartphone market in 2023, overtaking Samsung
2:59 am | January 17, 2024

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The last time Samsung wasn't No.1 in smartphone sales in any given year was all the way back in 2010. And yet - it's finally happened again. Just like competing analyst house Canalys revealed a few hours ago, IDC is now out with its own report and confirming the once-in-more-than-a-decade news: Apple took the crown away from Samsung in 2023. According to IDC estimates, the Cupertino company shipped 234.6 million smartphones last year, for a market share of 20.1%, while Samsung only managed 226.6 million shipments taking 19.4% of the pie. In third was Xiaomi with 145.9 million units...

IDC: HMD Global tops feature phone market for Q3
5:26 pm | November 22, 2023

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HMD Global, the company that is in charge of manufacturing Nokia phones, announced it secured the top spot in the feature phone market for Q3 2023, according to the latest analysis by IDC. The detailed breakdown wasn't shared by either the maker or the analyst company, but HMD holds a 30.7% market share by value and 22.4% by volume, marking an increase from the previous three-month period. HMD said four key factors contributed to Nokia’s success. The first is feature phones with UPI (Unified Payments Interface) integration, which enhanced functionality and enabled secure digital...

IDC: Wearable market in India grew nearly 30% in Q3 2023
10:37 am | November 16, 2023

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IDC posted its quarterly analysis of the wearable market in India, revealing a massive 29.2% growth YoY. The top company was boAt, dominating the market with a 29.7% share, nearly three times more than the second-placed Noise. During the July-September period, the country saw 48.1 million shipments, bringing the total for the first nine months up to 105.9 million units – a 5.8% increase compared with the first three quarters of 2022. Overall average selling price (ASP) declined from $27.2 to $21.7, fueled by the arrival of a new type of product – smart rings. Smartwatches as a...

IDC: India’s PC market continues to slide, shrinks by 15 year-over-year
3:00 pm | August 18, 2023

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According to the latest PC market analysis from IDC, the PC market has declined in the second quarter this year by 15.3% year-over-year. The silver lining is that it actually grew compared to Q1 2023 by 5.9%. All PC market categories saw a decline, though, with the notebook segment declining by 18.5% YoY, while the desktop segment had a smoother sailing with a 7% YoY decline. Looking at the PC market as commercial and consumer, things aren't that great either. The consumer segment fell by 17% while the commercial slid by 13.8% YoY. There's a good trend in the educational and...

IDC: India’s wearable market grew 53% in the first half of 2023
6:49 pm | August 10, 2023

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India's smart wearables market grew rapidly in the first half of 2023. Per IDC's latest numbers, the sector recorded a 53% year-over-year increase in sales. Over 57.8 million smart wearables were shipped in 1H23 with smartwatches making a big jump in popularity, reaching 40% of the total share - up from 26.8% a year ago. Let's take a look at the numbers from the second quarter. A total of 32.8 million wearables shipped in Q2 - a growth of 37.2% year-over-year and 30.6% over Q1. Smartwatch shipments nearly doubled from 6.4 million in Q2 of 2022 to just under 12.8 million in Q2 of...

IDC: India’s wearables market grows 80.9% in Q1
4:22 pm | May 11, 2023

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The Indian smart wearables market scored a huge 80.9% increase in shipments in Q1 of 2023 compared to last year. According to an IDC report, more than 25 million wearables shipped in India in the months January through March - a big improvement year-over-year but flat quarter-over-quarter, thanks to a solid Q422. Smartwatches saw a spike of nearly 180% in shipments, with the basic smartwatch accounting for 98% of the total segment. Earwear also grew by 48.5% compared to last year with TWS earbuds taking up nearly 64%. Only the wristband smart wearable tanked with a nearly 87% dip...

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