For the first time since the April-June quarter of 2019, the ASP for overall wearables grew by 1.3% to $21.3 in the July-September quarter, the research firm said.

For the first time since Q2 2019, the average selling price of wearables increased — by 1.3 percent to $21.3 in Q3

Analysts attributed this downturn primarily to a reduction in new product launches and a cautious inventory strategy, even during the festive season

India's wearable market experienced a significant decline in Q3 2024, with shipments dropping by 20.7% YoY. The smartwatch segment was hit hardest, declining 44.8% YoY. Despite this, the average selling price of wearables increased for the first time since 2019.

The International Data Corporation (IDC) on Monday said the wearable device market shrank for the second straight quarter as Indians bought fewer smartwatches, earphones and other gadgets.