Tag: IDC Q3 2023 Report

  • boAt Rises to Second Place in Q3 2023 Wearables Market, Trailing Only Apple: IDC Report

    boAt Rises to Second Place in Q3 2023 Wearables Market, Trailing Only Apple: IDC Report

    The global wearable device market experienced modest growth in the third quarter of 2023 (Q3 2023), according to a new report by the International Data Corporation (IDC). Shipments reached an all-time high for the third quarter, totaling 148.4 million units, representing a 2.6% increase year-over-year.

    Modest Growth in Q3 2023

    The latest report from the International Data Corporation (IDC) reveals that the global wearable device market witnessed modest growth in the third quarter of 2023. With shipments reaching a record-breaking 148.4 million units, the market experienced a 2.6% increase compared to the same period last year.

    High Shipments Set New Record

    During Q3 2023, the wearable device market achieved an all-time high in terms of shipments. The total number of units shipped amounted to 148.4 million, indicating a positive growth trend in the industry. This surge in shipments further demonstrates the increasing popularity and demand for wearable devices among consumers worldwide.

    Steady Year-over-Year Increase

    The IDC report highlights a steady year-over-year increase in the global wearable device market. This growth signifies a sustained interest and adoption of wearable technology by consumers. With a 2.6% increase in shipments compared to Q3 2022, the market is showing resilience and potential for further expansion in the future.

    Pricing and Specification Details

    Unfortunately, the original text does not provide any pricing or specification details regarding the wearable devices in the market during Q3 2023.

    Conclusion

    The global wearable device market experienced modest growth in the third quarter of 2023, with total shipments reaching a record-breaking 148.4 million units. This 2.6% year-over-year increase reflects the sustained interest and adoption of wearable technology by consumers. As the market continues to expand, it will be interesting to see how new innovations and advancements shape the future of wearable devices.

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  • Realme, Poco, OnePlus, and Infinix Dominate Indian Smartphone Market in IDC Q3 2023 Report; Samsung Remains on Top

    Realme, Poco, OnePlus, and Infinix Dominate Indian Smartphone Market in IDC Q3 2023 Report; Samsung Remains on Top

    Indian Smartphone Market Sees Modest Growth in Q3 2023

    The International Data Corporation (IDC) has recently released its survey for the third quarter of 2023, providing insights into the Indian smartphone market. The data reveals that the overall shipments in Q3 2023 witnessed a modest 0.4 percent year-over-year increase.

    Top Smartphone Brands in Q3 2023

    According to the IDC report, Samsung retained its position as the leading vendor in the Indian market with a 16.2 percent market share. Realme closely followed with a market share of 15.1 percent. Vivo and Xiaomi secured the third and fourth spots, respectively, with market shares of 13.9 percent and 11.7 percent.

    Oppo, OnePlus, and Poco experienced substantial year-over-year growth, securing market shares of 9.9 percent, 6.2 percent, and 5.7 percent, respectively. Apple, Infinix, and Tecno demonstrated moderate growth, claiming market shares of 5.5 percent, 3.1 percent, and 2.9 percent, respectively. The remaining market share of 9.8 percent belonged to various other smartphone brands.

    Key Takeaways from IDC Q3 2023 Report

    The data from the IDC report provides several key takeaways for the Indian smartphone market. While Samsung remains the top player, it experienced a slight dip in market share compared to the previous year. In Q3 2022, Samsung held an 18.5 percent market share, which decreased to 16.2 percent in Q3 2023.

    Realme stands out as the fastest-growing vendor, with an impressive year-over-year increase of 6.5 percent in market share. On the other hand, Xiaomi and Oppo, although still significant players, witnessed a decrease in their market shares in Q3 2023.

    In contrast, OnePlus and Poco are experiencing robust growth, with a 50.1 percent and 50.8 percent year-over-year increase, respectively. This growth highlights the popularity and demand for their smartphones in the Indian market.

    Apple, Infinix, and Tecno continue to demonstrate steady growth and maintain their importance in the market. These brands have managed to capture a certain market share and are expected to continue their positive trajectory.

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