India’s smartwatch market stagnates, up just 0.3% in Q1

India’s smartwatch shipments stagnated for the first time, rising marginally by 0.3 per cent (year-on-year) in the first quarter (Q1) of 2024, a new report said on Thursday. According to Counterpoint Research, the top three OEMs’ (original equipment manufacturers) combined market share dropped to 66 per cent in Q1 from 77 per cent a year ago.