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[News] Xiaomi is No.1 Wearable Brand in India in Q3 of 2018 : IDC Report!

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02:33, Dec-06-2018 | From PC
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This post was edited by crossfire25 at 17:25, Dec-06-2018

20-50-18-083309mz087qoju2j075hg.jpg.thumb.jpg

Hello MIUI'ers,


Good news is here! Xiaomi continues to be the No. 1 Wearable Brand in India in Q3 of 2018. With a 41% market share in the smart wearables device market, Xiaomi dominates the segment in India, according to a market report by International Data Corporation (IDC). Xiaomi has been in the forefront for the fifth consecutive quarter, while its Mi band 3 became the most shipped product in the history of wearables in India.

Xiaomi’s Mi band 3 fitness tracker, which was launched in India at the end of September, has quickly become India’s largest selling smart wearable product, the report said.

“The newly launched Mi Band 3 became the most shipped wearable product ever in the history of wearables in India,” the IDC report said.

IMG_20181206_172330.jpg

IDC’s ‘Quarterly Wearables Device Tracker’ saw two successive quarters of double-digit growth and shipped 102,000 units in the quarter, making it the first quarter to cross the 100,000 units shipment mark in the country.

In the list of top five wearable companies, GOQii holds the second position with 19% market share. Fastrack’s Reflex 2.0 helped maintain Titan retain the third spot in the wearables market. Samsung returned to among the top five wearable companies in India by replacing Fitbit. Fossil was able to capture the fifth position in the quarter with the help of Q Explorist Gen 3.

idc-imagejpg.jpeg

The overall India wearables market saw a 17% year-over-year (YoY) growth in the third quarter of the year as vendors shipped a total of 897,000 units in the country, the report said. However, the overall shipments declined 11% from the previous quarter largely because of the double-digit decline in the basic wearables.

“It is too early to say that the India wearables market has started moving towards the smart wearables. However, vendors have started analyzing the big pricing gaps between the basic and smart wearables,” said Jaipal Singh, Associate Research Manager, Client Devices , IDC India.

The overall wearable market is expected to continue its double-digit growth in 2019. While the growth of basic wearables will slow down as users look at upgrading to smarter wearable products, it will remain the dominant category in India for the next few years," Navkendar Singh, Associate Research Director, Client Devices & IPDS, IDC India, said.






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20:18, Dec-06-2018 | From APP
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Great news

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10:50, Dec-11-2018 | From Mi 6
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wow.. congratulations xiaomi

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14:41, Dec-11-2018 | From Mi 6
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thanks for sharing the news

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17:30, Dec-11-2018 | From PC
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Good news

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