Apple, largest smartphone exporter: Apple has become India’s number 1 company in terms of smartphone exports. Leaving the Korean company behind, Apple has shipped 49% of the total smartphone exports in the June 2023 quarter while Samsung has been at 45%. Between April and June, India sent a total of 12 million smartphones abroad which is less than the previous quarter but Apple has won this time. The reason for this achievement of the company is the promotion given to local manufacturing.
According to the ET report, Apple’s export share has increased from just 9% of the approximately 8 million smartphones shipped in Q2 2022 to almost half of total smartphone exports in Q2 2023. A total of 12 million smartphones were shipped abroad in the June 2023 quarter, of which Apple’s share is 49%. About 13 million smartphones were exported in the March quarter, which has fallen to 12 million in the second quarter of 2023. According to the report, last year the export was 10 million in the first quarter and 8 million in the second quarter.
Apple’s share is bigger because of these 3 manufacturers
Apple started manufacturing iPhone in India in 2017. Foxconn, Wistron and Pegatron have intensified work on iPhone 14 and other models from the second half of 2022, after which the company is meeting the demand of Indian customers as well as the needs of foreign people. Some time ago the news came out that Apple has started production of the new series in its Foxconn plant. The company is manufacturing iPhone 15 and 15 Plus in India. However, their parts are currently being procured from outside.
Samsung’s share decreased
The share of Korean company Samsung in exports was 85% in the second quarter last year, which has come down to 45% this year. This year, the company’s stake was 50% in the first quarter, which has come down to 45%. Industry experts said Samsung’s weak export performance in India is also related to Vietnam becoming a major export hub for the company. The company’s factory in northern Vietnam is the largest smartphone factory globally.
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