Smartwatch shipments in the Indian market stagnated for the first time in the January-March quarter, with top players Fire Boltt, Noise, and Boat experiencing declines in market share. Despite a 15 per cent YoY dip in shipments, Fire Boltt maintained leadership with 28 per cent market share, while Noise remained at 24 per cent and Boat dropped to 15 per cent. Apple Watch shipments grew significantly in the premium segment, with overall market growth expected to decline in 2024.
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