Smartphone Exports From India Could Suffer Due to Iran Conflict, Apple, iPhone

Manufacturing and export of smartphones has increased rapidly in the country in the last few years. Smartphone companies like American devices maker Apple and South Korea’s Samsung have increased the export of smartphones from the country. These companies are benefiting from the Production-Linked Incentive (PLI) Scheme of the Central Government. The crisis in West Asia related to Iran is likely to affect the export of smartphones from India.

An article by Japan’s business news agency Nikkei Asia Report It has been told that the crisis in West Asia may have an impact on the export of smartphones from India. There is an estimated decline of about 25 percent in the export of smartphones from the country. There is a decline in exports due to ban on aircraft flying in the airspace of some countries and other restrictions. The United Arab Emirates (UAE) is a big market for smartphones assembled in India. However, this problem will have less impact on the exports of big smartphone companies as they can make shipments from other manufacturing hubs.

Due to this, small and medium sized traders exporting handsets may have to suffer more losses. by country Apple has exported Made in India iPhones worth more than $50 billion in the last few years. The company has reduced its manufacturing in China. Because of this, manufacturing of iPhones is increasing in India. Recently in a report it was said that about 5.5 crore iPhones were assembled in India last year.

In India, iPhones are assembled in the factories of Apple’s contract manufacturers Foxconn and Tata Group’s Tata Electronics. In the first nine months of the last financial year, the company exported iPhone models worth about $16 billion. By fiscal year 2022, total shipments of iPhones have exceeded $50 billion. America is the biggest market for export of smartphones from India. Last year, US President Donald Trump had imposed heavy tariffs on the import of many products including smartphones. Despite this, there has been an increase in the export of smartphones from the country to America. In the last few years, Samsung has also increased the manufacturing and export of its smartphones in India.