India's Wearables Market Experiences First Decline Amid Slow Smartwatch Sales
Saturday, 10 August 2024, 13:05
Decline in Wearables Market
India's wearables market has recorded its first decline, according to a report by IDC. This downturn has been mainly influenced by falling smartwatch sales.
Causes for the Decline
- Retailers are engaging in cautious inventory stocking to clear out old stock.
- There have been very few new product launches that could attract consumers.
- The approach is in preparation for the upcoming festive season.
This decline reflects significant challenges that the wearables market will have to navigate in the future.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.