More than a quarter of users abandon wearable devices, says Gartner

For-Smartwatch-Story_smartwatch-828786_1920Smartwatches and fitness trackers stand the risk of being abandoned rather fast. A latest survey by research firm Gartner Inc. has found that the abandonment rate of smartwatches is 29%, and that for fitness trackers is 30%, because people do not find them useful, get bored of them or they break. “Dropout from device usage […]

Read more

Wearables market grows by 3% in Q3; Fitbit, Xiaomi beat Apple: IDC

For-IVFA-Story_thinkstockGlobal wearables market grew by 3.1% year-on-year in the third quarter of 2016 with fitness bands registering a double digit growth. The wearable shipments crossed the 23 million mark in the quarter, according to data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. Fitness bands had a staggering 85% of the market […]

Read more

IDG in advanced talks to sell itself to Chinese investor group: report

IDGUS-based publishing and investor group International Data Group Inc. (IDG) is in advanced talks with a Chinese investor group to sell itself for over $1 billion. The investor group is led by IDG of Greater China chairman Hugo Shong, according to a Reuters report on Tuesday, citing unnamed sources. The names of other investors and […]

Read more

Smartphone maker Lava strengthens top deck

Rahul-Agarwal-Ankit-PalHomegrown mobile handset maker Lava International Ltd—that manufactures mobile phones under the brand name Lava—has appointed Rahul Agarwal as chief technology officer (CTO) and Ankit Pal as design head, as it gears up to enter the services sector spanning entertainment, education, agriculture and health verticals. The company said that the appointments have been strategically timed […]

Read more

Exclusive: SME-focused online recruitment platform Zwayam raises $250K

Nicel KM and Joseph John, Co-founders, ZwayamBangalore-based Zwayam Digital Pvt. Ltd, which runs an online recruitment platform targeting small and medium businesses under the same brand name, has raised $250,000 (around Rs 1.7 crore) in seed investment from a bunch of unnamed angel investors. The startup plans to use the capital raised to expand its services to other cities in India […]

Read more

Half of India’s new smartphones are locally manufactured: IDC

IDC_logoEvery second smartphone shipped in the quarter ended December 31, 2015 was locally manufactured in India, research firm International Data Corporation (IDC) said. “Almost one in two smartphones shipped in Q4 were locally manufactured in India and we expect this to increase further as more vendors are likely to join this bandwagon to benefit from […]

Read more