The report additionally highlighted the spectacular progress of India’s smartwatch market.
As per the most recent Counterpoint report, Fire-Boltt’s shipments elevated by roughly thrice in comparison with the earlier yr and the model registered a 57 per cent progress in Q1 2023.
Homegrown good wearables model Fire-Boltt has grabbed the second spot within the international smartwatch market.
According to Counterpoint Report Q1 2023, Fire-Boltt is now main India’s positioning within the international smartwatch market with a 9 per cent market share.
“This milestone is a testomony to our sturdy concentrate on innovation, high quality, and affordability. Our agile product technique, a robust concentrate on R&D, and our unwavering dedication to offering essentially the most inexpensive but high quality merchandise to our shoppers have been among the greatest drivers of our extraordinary progress,” Fire-Boltt Co-Founders Arnav Kishore and Aayushi Kishore said in a statement.
As per the latest Counterpoint report, Fire-Boltt’s shipments increased by approximately three times compared to the previous year and the brand registered a 57 per cent growth in Q1 2023.
The report additionally highlighted the spectacular progress of India’s smartwatch market, registering a 121 per cent (year-on-year) progress in Q1 2023.
Moreover, the company said that it has registered phenomenal growth since it launched its first-ever smartwatch in October 2020.
The brand started with a mere 0.3 per cent market share and leapfrogged to a staggering 11.6 per cent within a year.
In 2022, Fire-Boltt became the number one smartwatch brand within 15 months of its first smartwatch launch, the company said.
The brand captured a market share of 24.6 per cent in Q1 2022 and registered a whopping 2,000 per cent (year-on-year) growth.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – IANS)
