India reduces import customs duty on mobile phone components. Notebook vendors accelerated production expansion in India. Apple saw another quarterly sales record in India.
India reduces import customs duty on handset components, benefiting Apple and Samsung
The Finance Ministry of India notified on January 30 that import duties on certain mobile phone parts, such as battery cover, front cover, antenna, SIM socket, screws, conductive cloth, and LCD conductive foam, were reduced from 15% to 10%. Some believe the move will benefit manufacturers such as Apple and Samsung.
Wistron signs MoU to make notebooks in India after iPhone business sale
Taiwan-based Wistron signed an MoU with the government of Karnataka, planning to invest INR15 billion (US$180.7 million) to set up a notebook manufacturing facility, generating 3,000 jobs in the state. Wistron said the investment was for maintenance capacity expansion.
Samsung to make notebooks in India in 2024
T.M. Roh, president and head of mobile eXperience business at Samsung Electronics, said the company plans to make Samsung notebooks at its Noida facility in India in 2024 to meet local demands.
ASUS eyes manufacturing boost in India to ride the wave of AI PCs
According to the Economic Times, Arnold Su, ASUS India's Vice President for Consumer and Gaming PC, said that the company has already begun shifting some of its production capacity to India, adding that ASUS has only manufactured general consumer laptops in India but plans to start producing gaming laptops in 2024.
Samsung reclaims top position in smartphone market in India, Apple leads in smartphone revenue
According to Counterpoint, 152 million smartphones were shipped to India in 2023, about the same level as the previous year. Samsung held first place, followed by Vivo and Xiaomi for the full year. Regarding the fourth quarter, Xiaomi led the market with an 18.3% share, followed by Vivo's 17.3%. Notably, iPhone shipments exceeded 10 million units due to strong demand for its latest and previous models, securing the top spot in smartphone revenue in 2023.
Apple breaks sales record in India
Apple CEO Tim Cook said at the latest earnings call that Apple continued to see strong double-digit growth in many emerging markets, with all-time records in Malaysia, Mexico, the Philippines, Poland, and Turkey, and December quarter records in India, Indonesia, Saudi Arabia, and Chile.
