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The rising demand for wearable devices
The demand for wearable devices has been on the rise and grew 9.9% during the third quarter of 2021 (3Q21) reaching 138.4 million units, which has increased to 26.5 percent, Unsurprisingly, the shipments for earphones, including the TWS earbuds, increased 26.5 percent, according to new data from the International Data Corporation (IDC). For the first time, the shipments of smartwatches surpassed the shipments of fitness trackers. With this, smartwatches have now become the second-biggest category in wearable devices, accounting for a 4.3 percent increase. Although the pandemic has driven interest in health and fitness tracking, wrist-worn wearables such as watches and wristbands faced challenges during the quarter as these devices were not immune to the supply constraints and shifting demand brought about by the pandemic. While the category has recently been led by Xiaomi's low-cost bands, the company was dethroned by Apple and Huawei in 3Q21 as they tied for first place in the wrist-worn segment. The reason behind the increased shipments of smartwatches is being said to be due to the users’ demand for more powerful features and functions and thus they are gradually shifting towards smartwatches. Also, there isn’t a huge price difference between a smartwatch and a fitness tracker, which is also a factor for the change.
Demand has been slowly shifting away from wristbands towards watches as consumers increasingly want a more capable device as the gap in pricing narrows,' said Jitesh Ubrani, research manager for IDC Mobility and Consumer Device Trackers. 'The number of watches sold for under $100 is now equal to wristbands, which have dominated this price band in the past. Growth amongst Indian and Chinese brands has been leading the low-end watch space while Apple, Huawei, and Samsung maintain a hold at the high-end. Coming to the companies, Apple is .
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The rising demand for wearable devices
The demand for wearable devices has been on the rise and grew 9.9% during the third quarter of 2021 (3Q21) reaching 138.4 million units, which has increased to 26.5 percent, Unsurprisingly, the shipments for earphones, including the TWS earbuds, increased 26.5 percent, according to new data from the International Data Corporation (IDC). For the first time, the shipments of smartwatches surpassed the shipments of fitness trackers. With this, smartwatches have now become the second-biggest category in wearable devices, accounting for a 4.3 percent increase. Although the pandemic has driven interest in health and fitness tracking, wrist-worn wearables such as watches and wristbands faced challenges during the quarter as these devices were not immune to the supply constraints and shifting demand brought about by the pandemic. While the category has recently been led by Xiaomi's low-cost bands, the company was dethroned by Apple and Huawei in 3Q21 as they tied for first place in the wrist-worn segment. The reason behind the increased shipments of smartwatches is being said to be due to the users’ demand for more powerful features and functions and thus they are gradually shifting towards smartwatches. Also, there isn’t a huge price difference between a smartwatch and a fitness tracker, which is also a factor for the change.
Demand has been slowly shifting away from wristbands towards watches as consumers increasingly want a more capable device as the gap in pricing narrows,' said Jitesh Ubrani, research manager for IDC Mobility and Consumer Device Trackers. 'The number of watches sold for under $100 is now equal to wristbands, which have dominated this price band in the past. Growth amongst Indian and Chinese brands has been leading the low-end watch space while Apple, Huawei, and Samsung maintain a hold at the high-end. Coming to the companies, Apple is
Technology video | 103 views
Worldwide wearable band shipments dropped to four percent to 41.7 million units in Q1 2022, as per the estimate of Canalys. At the same time, the shift from bands to watches continues. Wristwatches, consisting of basic watches and smartwatches, accounted for 76.6% of all wearable band shipments in the quarter, growth of 15% to 32.0 million units. Basic bands suffered a 37% decline, a sixth consecutive fall since Q4 2020. Basic band shipments dipped below 10 million for the first time after peaking at 27.9 million in Q4 2019. The increase in watch shipments helped offset the basic band drop but still resulted in a decline in the overall wearable band market. The rise of basic watches accelerated the shift from bands to watches. Basic watches run rudimentary real-time operating systems but lack support for third-party apps, as opposed to smartwatches, which run fully-fledged operating systems with third-party app support. “Consumers are favoring watches over bands. With bigger displays, richer features and longer battery life, they believe watches are better able to fulfill their health-tracking and digital lifestyle needs. “Basic watches are positioned as an affordable step-up from basic bands, suitable for price-conscious consumers with growing expectations as to what wearables can do.”
The consumer survey report states that, the survey conducted in April 2022, out of 4,000 respondents from four Western European markets, 34% said they intended to buy a smartwatch in the next 12 months, against 17% who would choose a fitness band. Smartwatches stood out as the most popular companion device to smartphones for Western European consumers. The future consumer demand will shift away from basic bands to watches, potentially affecting vendors such as Xiaomi and Fitbit, which are still shipping basic bands in significant numbers. Apple maintained its lead in the wristwatch segment, driven by strong demand for the Watch Series 7. “Despite growing 53%, Samsung was bea
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The depressed economic market will continue to dampen demand for devices throughout 2023. In fact, end-user spending on devices is projected to decline 5.1% in 2023. Experts say, iust as business confidence was beginning to recover after the worst of the pandemic, it has now fallen significantly in most regions. We do not expect relief from inflation and the bottom of the recession to occur until the fourth quarter of 2023.
The downward trend affecting the devices market will lessen in 2023 on the expectation of a less pessimistic economic outlook through 2023, eventually increasing consumer and business spending.
Secondly, PC shipments will continue to record the worst decline of all device segments in 2023. PC shipments are estimated to decline 6.8% in 2023, after a 16% decline in 2022.
Through 2023, PC vendors will reduce inventory levels and Gartner analysts expect PC inventory levels will return to normal by the second half of 2023 after significantly increasing in 2022. “Inventory levels increased due to vendors overestimating market demand and because of the collapse in consumer confidence and dramatic fall in demand,” say experts.
In 2022, while many business PCs could upgrade to the Windows 10 operating system), many did not. By the end of 2023, Gartner expects more than 25% of business PCs will upgrade to Windows 11. However, Windows 11 will not drive enough sales to reach the same volumes seen between 2020 and 2022. In addition, as high inflation rates and impending recession decrease discretionary spend and budgets, Gartner estimates consumers and businesses will extend their PC and tablet replacement cycles by over 9 months by the end of 2023.
Gartner forecasts worldwide smartphone shipments to decline 4% in 2023. Smartphone shipments are projected to total 1.230 billion units in 2023, down from 1.280 billion units in 2022.
At the same time, consumers are holding onto their phones longer than expec
Technology video | 196 views
The depressed economic market will continue to dampen demand for devices throughout 2023. In fact, end-user spending on devices is projected to decline 5.1% in 2023. Experts say, iust as business confidence was beginning to recover after the worst of the pandemic, it has now fallen significantly in most regions. We do not expect relief from inflation and the bottom of the recession to occur until the fourth quarter of 2023.
The downward trend affecting the devices market will lessen in 2023 on the expectation of a less pessimistic economic outlook through 2023, eventually increasing consumer and business spending.
Secondly, PC shipments will continue to record the worst decline of all device segments in 2023. PC shipments are estimated to decline 6.8% in 2023, after a 16% decline in 2022.
Through 2023, PC vendors will reduce inventory levels and Gartner analysts expect PC inventory levels will return to normal by the second half of 2023 after significantly increasing in 2022. “Inventory levels increased due to vendors overestimating market demand and because of the collapse in consumer confidence and dramatic fall in demand,” say experts.
In 2022, while many business PCs could upgrade to the Windows 10 operating system), many did not. By the end of 2023, Gartner expects more than 25% of business PCs will upgrade to Windows 11. However, Windows 11 will not drive enough sales to reach the same volumes seen between 2020 and 2022. In addition, as high inflation rates and impending recession decrease discretionary spend and budgets, Gartner estimates consumers and businesses will extend their PC and tablet replacement cycles by over 9 months by the end of 2023.
Gartner forecasts worldwide smartphone shipments to decline 4% in 2023. Smartphone shipments are projected to total 1.230 billion units in 2023, down from 1.280 billion units in 2022.
At the same time, consumers are holding onto their phones longer than expec
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As per Gartner, this marks the largest quarterly shipment decline since Gartner began tracking the PC market in the mid-1990s. For the entire year, PC shipments reached 286.2 million units in 2022, a 16.2% decrease from 2021 due to recession fears and increased inflation.
Experts feel since many consumers already have relatively new PCs that were purchased during the pandemic, a lack of affordability is superseding any motivation to buy, causing consumer PC demand to drop to its lowest level in years.
At the same time, the enterprise PC market is also being impacted by a slowing economy and at the same time, the PC demand among enterprises began declining in the third quarter of 2022, but the market has now shifted from softness to deterioration. Enterprise buyers are extending PC lifecycles and delaying purchases, meaning the business market will likely not return to growth until 2024.
While Lenovo maintained 24% market share at the top, the company experienced its steepest decline. Lenovo's shipments fell in all regions except in Japan, declining over 30% in EMEA and Latin America.
HP and Dell also experienced historically steep declines. HP was hit hardest in the EMEA market, where shipments decreased 44 per cent year-over-year. For Dell, weak demand in the large business market impacted shipments in the second half of 2022.
The Asia-Pacific market excluding Japan declined 29.4% year-over-year, mainly due to the market in China. The PC industry experienced very unusual ups and downs over the past 11 years. After the extraordinary growth period between 2020 and 2021 due to the pandemic, the market has clearly begun a downward trend which will continue until the beginning of 2024, say experts of Gartner.
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Global smartphone shipments dipped 17% in Q4 #shorts
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#Globalwearabletechnology shipments are growing fast. Advances in technology have seen wristwatches and smartwatches take over from basic bands. Vendors are attempting a big generational leap in smartwatch technologies, striving to improve their products’ user interfaces, battery life, charging and types of sensors, to broaden their ecosystems of health and fitness services.
The dynamic shift in the wearable market is due to several factors. One of the primary drivers of this shift is the increasing popularity and adoption of wearable technology, including smartwatches. As more people are becoming interested in tracking their health and fitness, staying connected on-the-go, and accessing other features like mobile payments, smartwatches are becoming an increasingly important part of the technology landscape.
Another factor contributing to the shift in the smartwatch market is the emergence of new players and technologies. While companies like Apple and Samsung have dominated the market in recent years, there are now a growing number of competitors offering innovative new features and designs. For example, many new smartwatches are incorporating voice assistants, health monitoring sensors, and even flexible displays that can be curved or folded.
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Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
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