WealthyTrails
  • Home
  • IPO
    • Upcoming IPO 2023
    • IPO 2022
  • Trading Holidays 2023
  • Share Market Stories
No Result
View All Result
  • Home
  • IPO
    • Upcoming IPO 2023
    • IPO 2022
  • Trading Holidays 2023
  • Share Market Stories
No Result
View All Result
WealthyTrails
No Result
View All Result
Home News Indian Stock Market and Business News

India only major country to grow in smart personal audio market

6 months ago
in Indian Stock Market and Business News
Reading Time: 2 mins read
A A
0
India only major country to grow in smart personal audio market
103
VIEWS
Share on FacebookShare on TwitterShare on linkedinShare on Whatsapp

New Delhi, Sep 11 (IANS) India was the only country that bucked the global negative trend in the smart personal audio shipments in the second quarter (Q2) this year, registering a huge 55 per cent growth.

The worldwide smart personal audio shipments fell by 1.7 per cent year on year to 98.1 million units, according to market research firm Canalys.

India, the world’s third largest smart personal audio market, increased shipments by a massive 55 per cent.

But growth in India was insufficient to offset the overall global decline, with the US down 1 per cent and China down 13 per cent.

TWS was the only smart personal audio category to grow, recording 8 per cent growth at 63 million units, and India is the key driver behind the TWS growth.

“Without India’s impressive growth, the global TWS market would have gone into a decline,” said analyst Ashweej Aithal.

“India’s massive appetite for smart personal audio devices is for local and global players to tap into. But vendors must rethink their strategies in this highly competitive market in an increasingly challenging economic environment,” Aithal added.

Consumers in India are quickly moving to TWS, leading to growth in the wireless earphones category slowing to 11.1 per cent.

TWS shipments in India grew 217.9 per cent to 7 million units, an 11 per cent global share, its highest ever.

–IANS

na/dpb



Source link

See also  Nation stunned as young tycoon Cyrus Mistry perishes in Maha road crash, probe ordered
Previous Post

Evergrande: Not So Grand Financial Statements?

Next Post

Market Resiliency, Capital Formation, and Investing for Our Future

Related Posts

Is UMA Converter Ltd. IPO worth considering?
Indian Stock Market and Business News

Is UMA Converter Ltd. IPO worth considering?

December 14, 2022
Positioning suggests ‘limited’ investor conviction behind recent rally
Indian Stock Market and Business News

Positioning suggests ‘limited’ investor conviction behind recent rally

December 6, 2022
In case you missed it, 6 big dividend hikes: Owens Corning raises by 49%
Indian Stock Market and Business News

In case you missed it, 6 big dividend hikes: Owens Corning raises by 49%

December 5, 2022
India’s external debt rose 8.2% in 2021-22 to $620 billion
Indian Stock Market and Business News

Aiming to engage with partner Customs organisations, DRI to hold RCEM

December 4, 2022
Next Post
Market Resiliency, Capital Formation, and Investing for Our Future

Market Resiliency, Capital Formation, and Investing for Our Future

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Institute of Actuaries retires 4 Managing Council members, creates ‘constitutional crisis’

Institute of Actuaries retires 4 Managing Council members, creates ‘constitutional crisis’

September 11, 2022
COVID-19 and 17 May: Tax Day Considerations for Clients

COVID-19 and 17 May: Tax Day Considerations for Clients

September 17, 2022
OYO to bring onboard 600 new hotels & homes in South India by year-end

OYO to bring onboard 600 new hotels & homes in South India by year-end

September 5, 2022
Europe’s Energy Crunch Could Spark Flashbacks to the Eurozone Crisis

Europe’s Energy Crunch Could Spark Flashbacks to the Eurozone Crisis

September 9, 2022
Peloton Becomes Barry McCarthy’s Ride or Die

Peloton Becomes Barry McCarthy’s Ride or Die

3
Dollar Bulls to Remain in Control as Fed to Double Down on Hawkish Stance By Investing.com

Dollar Bulls to Remain in Control as Fed to Double Down on Hawkish Stance By Investing.com

2
Palestinians in Gaza protest towards wave of Israeli violence | Gaza News

Palestinians in Gaza protest towards wave of Israeli violence | Gaza News

2
Goldman Sachs Remains Bullish on Tesla After Meeting By Investing.com

Goldman Sachs Remains Bullish on Tesla After Meeting By Investing.com

1
Hindenburg Research: An Investment Research Firm Specializing in Short-Selling

Hindenburg Research: An Investment Research Firm Specializing in Short-Selling

February 1, 2023
Understanding Grey Market Premium (GMP) in IPOs – Busting Myths & Confusions

Understanding Grey Market Premium (GMP) in IPOs – Busting Myths & Confusions

January 31, 2023
Invest in these stocks to double down your returns in 2023

Companies Offering Over 300% Dividend in 2023 | Motilal Oswal, TVS Motors, Siemens, Accelya Solutions, Saregama

January 31, 2023
Infosys Buyback 2022 – Announcement, Date, Price, Details & More

Infosys Buyback 2022 – Announcement, Date, Price, Details & More

January 29, 2023

Web Stories

Top 5 Companies Devastated by Hindenburg Research | Nikola, SC Worx, Genius Brand, Ideanomic, Mullen Auto
Top 5 Companies Devastated by Hindenburg Research | Nikola, SC Worx, Genius Brand, Ideanomic, Mullen Auto
Adani Group Exposed: Report Reveals Decades-Long Stock Manipulation & Accounting Fraud
Adani Group Exposed: Report Reveals Decades-Long Stock Manipulation & Accounting Fraud
Investing in Bonds: Pros and Cons | Wealthy Trails
Investing in Bonds: Pros and Cons | Wealthy Trails
How IPOs in India Pumped & Dumped?
How IPOs in India Pumped & Dumped?
simple way to invest in 50 stocks at once
simple way to invest in 50 stocks at once
View all stories
WealthyTrails

© 2022 WealthyTrails.com

Navigate Site

  • About
  • Disclaimer
  • Privacy & Policy
  • Contact
  • Story Archives
  • Tags

Follow Us

No Result
View All Result
  • Home
  • IPO
    • Upcoming IPO 2023
    • IPO 2022
  • Trading Holidays 2023
  • Share Market Stories

© 2022 WealthyTrails.com

Top 5 Companies Devastated by Hindenburg Research | Nikola, SC Worx, Genius Brand, Ideanomic, Mullen Auto Adani Group Exposed: Report Reveals Decades-Long Stock Manipulation & Accounting Fraud Investing in Bonds: Pros and Cons | Wealthy Trails How IPOs in India Pumped & Dumped? simple way to invest in 50 stocks at once