The smart wearable market in India has shipped a total of 102,000 units in Q3 2018, according to IDC. This also marks the first quarter where wearable market crossed 100,000 units shipment in the country. The overall India wearables market saw a 17% year-over-year (YoY) growth in the third quarter as vendors shipped a total of 897,000 units in the country. However, the overall shipments declined 11% from the previous quarter largely because of the double-digit decline in the basic wearables. July and August remain flat in terms of new shipments, September did observe a recovery as vendors started gearing up for the online festival sales. As expected, Xiaomi topped the segment for the 5th consecutive quarter with 41% market share in Q3 2018. However, the shipments witnessed a decline of 20% quarter-over-quarter, but it saw a healthy growth of 77% in this quarter when compared to the same time a year ago. The newly launched Mi Band 3 helped the company. GOQii continues to hold the 2nd position with a healthy 47% YoY growth and 19% market share in Q3 2018. It remains the leading player in the commercial segment, as two-thirds of its shipments fall under the enterprises corporate wellness program. Titan phased out its ...
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