Smartwatch shipments in India had been soaked for the primary time in 2024 every year as shoppers left their low cost and unknown manufacturers. Nevertheless, Apple reported 2.4 occasions the 12 months’s progress, beating the broader pattern.
In line with data Attributable to analyst firms’ rivalry, Indian smartwatch shipments fell 30% year-on-year in 2024. Final 12 months, there have been indicators of slower gross sales. This pattern has affected the established home gamers, and has resulted in slowing the tempo of innovation.
Because the broader market declined, Apple Watch noticed a 141% improve in shipments final 12 months. In line with Counterpoint, this progress fell by 57% in 2023.
Counterpoint senior analyst Anshika Jain advised TechCrunch that Apple Watch final 12 months, as a result of higher well being insights, smartphone integration and different options that aren’t obtainable on cheaper gadgets, “skilled customers step by step change into extra gradual.” We moved to Superior SmartWatches,” he stated he noticed the rise final 12 months.
“We anticipate this progress pattern to proceed in 2025,” she added.
The expansion of Apple Watch cargo coincides with the enlargement of the iPhone’s home market. Apple appeared final 12 months as one in all India’s prime 5 smartphone distributors, gaining a roughly 10% share within the fourth quarter.
Nevertheless, important progress within the Apple Watch had little impact on its total share ultimately 35 million smartwatches shipped to India last yearIn line with IDC. Counterpoint, which doesn’t share absolute transport numbers, advised TechCrunch that Apple Watch accounted for round 2% of the Indian smartwatch market in 2024.
The success of the Apple Watch has elevated the freight of the general premium smartwatch (worth above $230) in India, rising 147%. Collection 10 is the highest mannequin, adopted by Collection 9. Apple Watch cumulatively captured 50% of the nation’s premium smartwatch section for every counterpoint.
Samsung and OnePlus had been the opposite prime gamers within the premium section final 12 months, incomes a market share of 4% and 1%, respectively.
