Mobiles

44% Of Smartphones Imported In America Are Manufactured In India: India Has Surpassed China, Smartphone Production In The Country Has Increased By 240% In A Year

India has now become the top exporter of smartphones to the US, indicating moving away from China in the manufacturing supply chain due to tariff conflicts. According to a report by the research firm Canalis, Made in India contributed 44% to the imported smartphones in the US during the April-June period this year.

Last year, India had only 13% share in the same period. In contrast, China’s share in the smartphone exported to the US declined to 25% in the June quarter, which was 61% a year ago.

Smartphone production increased by 240% in a year

Vietnam’s contribution to the US to smartphone exports also overtook China, which was 30%. This is the first example when India has exported more smartphones to the US than China. A canalis report states that smartphone construction in India has increased by 240% compared to the previous year.

Apple company is closing its retail store in China for the first time

Apple has announced the closure of its Parkland Mall Store in Dalian city from 9 August. This decision is an important change for Apple, as China is an important market for the company. Apple iphone company operates 56 iphone stores in China, which is more than 10% of its total stores.

Global manufacturing is moving from China to India

Canalis chief analyst Sanyam Chaurasia said that global manufacturing is slowly moving towards India. Renod Anjorran, executive vice-president of Chinese electronics manufacturing company Agilian Technology, said that many global manufacturing companies are transferring their final-level assembly to India rapidly.

Read Also:

1463500cookie-check44% Of Smartphones Imported In America Are Manufactured In India: India Has Surpassed China, Smartphone Production In The Country Has Increased By 240% In A Year