India pips China as top smartphone supplier to US in Q2, 2025: Canalys
The research from Canalys (now part of Omdia) revealed that United States smartphone shipments grew 1 per cent in the second quarter of the current calendar year as vendors continued to frontload device inventories amid tariff concerns.
The uncertain outcome of negotiations with China has accelerated supply chain reorientation, it said.
The share of US smartphone shipments assembled in China fell to 25 per cent in the April-June period, from 61 per cent a year earlier.
"Most of this decline has been picked up by India; the total volume of 'Made-in-India' smartphones grew 240 per cent year-on-year and now accounts for 44 per cent of smartphones imported into the US, up from only 13 per cent of smartphone shipments in Q2 2024," it said.
In Q2, iPhone shipments declined 11 per cent year-on-year to 13.3 million units, a correction from the 25 per cent growth in Q1, 2025, as per Canalys.
Samsung's shipments grew 38 per cent year-on-year to 8.3 million units.
Motorola continued its expansion in the US, growing two per cent to 3.2 million units. Google and TCL rounded off the top five, with Google growing 13 per cent to 0.8 million while TCL declined 23 per cent, shipping 0.7 million units.
"India became the leading manufacturing hub for smartphones sold in the US for the very first time in Q2 2025, largely driven by Apple's accelerated supply chain shift to India amid an uncertain trade landscape between the US and China," said Sanyam Chaurasia, Principal Analyst at Canalys.
Apple has scaled up its production capacity in India over the last several years as a part of its 'China Plus One' strategy and has opted to dedicate most of its export capacity in India to supply the US market so far in 2025, Chaurasia said.
"Apple has begun manufacturing and assembling Pro models of the iPhone 16 series in India, but is still dependent on established manufacturing bases in China for the scaled supply needed for Pro models in the US. Samsung and Motorola have also increased their share of US-targeted supply from India, although their shifts are significantly slower and smaller in scale than Apple's," Chaurasia said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
29 minutes ago
- Economic Times
Apple stock jumps 6% on $100B U.S. pledge, powering Wall Street rally—Dow, S&P 500, Nasdaq climb as McDonald's, Shopify gain; AMD, Disney, Super Micro retreat
Synopsis Apple stock rally lifted Wall Street on Wednesday, pushing the S&P 500 and Nasdaq higher, as investors cheered Apple's bold plan to invest $100 billion more in the U.S. economy over the next four years. This massive commitment came ahead of a major White House announcement and fueled strong confidence in tech stocks. Gains in McDonald's, Shopify, and Arista Networks added momentum, while Super Micro, AMD, and Disney dragged the market with weaker results. With tariff concerns and interest rate cut hopes in the background, investors are watching the Federal Reserve closely ahead of its September decision. Apple (AAPL) surged 6% on Wednesday after announcing a massive $100 billion expansion in its U.S. investment plan, lifting market sentiment and fueling a tech-led rally on Wall Street. The stock closed at $214.39, up over $11 intraday, accounting for nearly half of the S&P 500's 0.7% daily gain. Wall Street closed higher on Wednesday, fueled by a sharp 6% rally in Apple Inc. (AAPL) after the tech giant unveiled a landmark $100 billion investment plan aimed at expanding its U.S. footprint over the next four years. The stock soared $11.47 to finish at $214.39, its highest close in weeks, and contributed nearly 50% of the S&P 500's total point gain for the day. Apple's move, expected to be officially announced at the White House later this week, would bring its total domestic investment to $600 billion, signaling strong confidence in the U.S. economy and providing a major sentiment boost to equity markets. Apple shares soared nearly 6% in Wednesday's trading session, accounting for almost half of the S&P 500's total gain. The surge came ahead of a major White House announcement, where Apple is expected to unveil plans to invest an additional $100 billion in the U.S. over the next four years. This move, set to increase its total domestic investments to $600 billion, signals strong corporate confidence in the American economy and helped reassure Wall Street amid mixed signals from other sectors. S&P 500 : Up 0.7% : Up Nasdaq Composite : Gained 1% : Gained Dow Jones Industrial Average: Rose 97 points or 0.2% The rally was concentrated in tech-heavy sectors, largely thanks to Apple, while other parts of the market saw mixed performance due to a varied batch of corporate earnings reports. Apple (AAPL) : +6% ($214.39) – $100B U.S. investment pledge sparks optimism : +6% ($214.39) – $100B U.S. investment pledge sparks optimism Shopify (SHOP) : +20% – Revenue beat and bullish Q3 guidance lifted the e-commerce giant : +20% – Revenue beat and bullish Q3 guidance lifted the e-commerce giant Arista Networks (ANET) : +18% – Strong AI infrastructure demand powered earnings surprise : +18% – Strong AI infrastructure demand powered earnings surprise McDonald's (MCD): +3% – Beat expectations; Minecraft-themed campaign boosted traffic The broader market showed mixed reactions to a flurry of Q2 earnings results: McDonald's stock climbed 3% after beating both profit and revenue expectations. A marketing campaign tied to the popular Minecraft movie helped drive traffic and sales. climbed after beating both profit and revenue expectations. A marketing campaign tied to the popular movie helped drive traffic and sales. Shopify shares surged nearly 20% after reporting better-than-expected revenue and issuing a strong revenue forecast for the next quarter, signaling robust e-commerce trends . surged nearly after reporting better-than-expected revenue and issuing a strong revenue forecast for the next quarter, signaling robust . Arista Networks jumped 18% thanks to higher-than-expected profits and a bullish outlook tied to growing AI infrastructure demand . jumped thanks to higher-than-expected profits and a bullish outlook tied to growing . Super Micro Computer fell sharply, losing 21% , as its earnings and guidance disappointed investors after a period of high gains. Despite an 88% gain earlier in the year, the stock tumbled following a weak quarterly update. fell sharply, losing , as its earnings and guidance disappointed investors after a period of high gains. Despite an 88% gain earlier in the year, the stock tumbled following a weak quarterly update. Disney stock slipped 3% , even though the company beat profit expectations. Revenue missed the mark, and analysts noted that investors were expecting a more optimistic forward outlook, especially after the announcement of a tentative deal with the NFL giving ESPN access to NFL Network, NFL Fantasy, and RedZone rights. slipped , even though the company beat profit expectations. Revenue missed the mark, and analysts noted that investors were expecting a more optimistic forward outlook, especially after the announcement of a giving ESPN access to NFL Network, NFL Fantasy, and RedZone rights. Advanced Micro Devices (AMD) dropped 6.6%, as its profit matched analyst forecasts but failed to impress investors who had driven the stock up 44% year-to-date. Solid projections weren't enough to overcome market fatigue and regulatory concerns over chip exports. Despite upbeat earnings in some corners, investors remain cautious about the overall economic outlook. Last week's weaker-than-expected U.S. jobs report has fueled speculation that the Federal Reserve may move to cut interest rates as early as its next meeting in September 2025. Bond markets reflected this cautious optimism: The 10-year Treasury yield inched up to 4.24%, just slightly above Tuesday's 4.22% but still well below last week's levels. Hopes for a rate cut are being weighed against the risk of rising inflation, which could follow looser monetary policy. Still, many see easing by the Fed as necessary to offset pressure from Trump-era tariffs and global economic uncertainty. President Donald Trump's renewed focus on tariffs continues to worry some investors, especially in light of potential trade barriers on pharmaceuticals, semiconductors, and Chinese exports. These geopolitical tensions may be weighing on business confidence and hiring decisions, as reflected in recent employment data. Stock indexes across Europe and Asia also posted moderate gains on Wednesday, mirroring the positive momentum from Wall Street. Overseas optimism remains tied to the strength of U.S. tech earnings and a possible easing in Fed policy, though global markets are keeping a close watch on U.S. tariff developments and inflation trends. Apple's historic investment pledge and its stock surge helped lift the entire market, showing how one major move from a tech giant can change investor sentiment. Strong showings from McDonald's, Shopify, and Arista provided additional tailwinds for the S&P 500 and Nasdaq. However, earnings disappointments from Disney, AMD, and Super Micro, along with ongoing tariff fears, underscore the market's underlying volatility. As September's Federal Reserve meeting approaches, Wall Street remains on alert. For now, Apple's bold commitment to the U.S. economy has delivered a much-needed dose of confidence. Q1: Why did Apple stock rise so much today? Apple stock jumped after news of a $100 billion U.S. investment plan that boosted investor confidence. Q2: What is driving Wall Street gains this week? Strong tech earnings, Apple's big investment, and hopes for interest rate cuts are lifting the markets.
India.com
an hour ago
- India.com
Mukesh Ambani's another BIG move in this sector, launches NFO for…, partners with…
JioBlackRock Asset Management Pvt Ltd a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and US-based BlackRock on Tuesday announced the launch of its first set of five index funds under a New Fund Offering (NFO). The NFO will commence on August 5, 2025, and close on August 12, 2025, Jio BlackRock Asset Management Pvt said in a statement. JioBlackRock NFO For 5 Index Funds This marks a pivotal moment in the organisation's mission to deliver diversification, cost efficiency, reliability, transparency, and digitally empowered investment solutions to Indian investors, it said. The five index funds include Nifty 50 Index Fund, Nifty Next 50 Index Fund, and Nifty 8-13 year G-Sec Index Fund, it said. These funds offer simple, affordable investment solutions to both first-time investors looking to build a well-balanced portfolio, as well as experienced investors looking to scale their existing portfolio, it said. The fund house had mobilised Rs 17,800 crore from maiden NFO. The fund was garnered from three cash/debt mutual fund schemes JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. Paytm Money Partners With JioBlackRock Paytm Money, a wholly-owned subsidiary of One97 Communications Limited (OCL) and a wealth-tech platform, has partnered with JioBlackRock Asset Management to offer easy access to its five Index Fund New Fund Offers (NFOs), directly through the Paytm Money app. As a Direct Mutual Fund platform, Paytm Money offers zero commission on mutual fund investments, along with no hidden charges and zero cost on account opening. Following the successful debut of JioBlackRock's initial NFOs, which saw robust retail participation with over 7,000 successful transactions on the Paytm app, 45 per cent of these transactions were through SIPs. (With Inputs From PTI)
Time of India
an hour ago
- Time of India
Apple stock jumps 6% on $100B U.S. pledge, powering Wall Street rally—Dow, S&P 500, Nasdaq climb as McDonald's, Shopify gain; AMD, Disney, Super Micro retreat
Wall Street closed higher on Wednesday, fueled by a sharp 6% rally in Apple Inc. (AAPL) after the tech giant unveiled a landmark $100 billion investment plan aimed at expanding its U.S. footprint over the next four years. The stock soared $11.47 to finish at $214.39, its highest close in weeks, and contributed nearly 50% of the S&P 500's total point gain for the day. Apple's move, expected to be officially announced at the White House later this week, would bring its total domestic investment to $600 billion, signaling strong confidence in the U.S. economy and providing a major sentiment boost to equity markets. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Apple's $100 billion U.S. investment plan fuels market optimism Apple shares soared nearly 6% in Wednesday's trading session, accounting for almost half of the S&P 500's total gain. The surge came ahead of a major White House announcement, where Apple is expected to unveil plans to invest an additional $100 billion in the U.S. over the next four years. This move, set to increase its total domestic investments to $600 billion , signals strong corporate confidence in the American economy and helped reassure Wall Street amid mixed signals from other sectors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Belly Fat Removal Without Surgery in Kazakhstan: The Price Might Surprise You Belly Fat Removal | Search Ads Get Info Undo S&P 500 and Nasdaq push higher as Apple leads the way S&P 500 : Up 0.7% Nasdaq Composite : Gained 1% Dow Jones Industrial Average : Rose 97 points or 0.2% The rally was concentrated in tech-heavy sectors, largely thanks to Apple, while other parts of the market saw mixed performance due to a varied batch of corporate earnings reports. Stock highlights: Winners Apple (AAPL) : +6% ($214.39) – $100B U.S. investment pledge sparks optimism Shopify (SHOP) : +20% – Revenue beat and bullish Q3 guidance lifted the e-commerce giant Arista Networks (ANET) : +18% – Strong AI infrastructure demand powered earnings surprise McDonald's (MCD) : +3% – Beat expectations; Minecraft-themed campaign boosted traffic Live Events Mixed earnings reports create push and pull in the market The broader market showed mixed reactions to a flurry of Q2 earnings results: McDonald's stock climbed 3% after beating both profit and revenue expectations. A marketing campaign tied to the popular Minecraft movie helped drive traffic and sales. Shopify shares surged nearly 20% after reporting better-than-expected revenue and issuing a strong revenue forecast for the next quarter, signaling robust e-commerce trends . Arista Networks jumped 18% thanks to higher-than-expected profits and a bullish outlook tied to growing AI infrastructure demand . Super Micro Computer fell sharply, losing 21% , as its earnings and guidance disappointed investors after a period of high gains. Despite an 88% gain earlier in the year, the stock tumbled following a weak quarterly update. Disney stock slipped 3% , even though the company beat profit expectations. Revenue missed the mark, and analysts noted that investors were expecting a more optimistic forward outlook, especially after the announcement of a tentative deal with the NFL giving ESPN access to NFL Network, NFL Fantasy, and RedZone rights. Advanced Micro Devices (AMD) dropped 6.6% , as its profit matched analyst forecasts but failed to impress investors who had driven the stock up 44% year-to-date. Solid projections weren't enough to overcome market fatigue and regulatory concerns over chip exports . Investors eye interest rate cuts as job market shows signs of weakness Despite upbeat earnings in some corners, investors remain cautious about the overall economic outlook. Last week's weaker-than-expected U.S. jobs report has fueled speculation that the Federal Reserve may move to cut interest rates as early as its next meeting in September 2025. Bond markets reflected this cautious optimism: The 10-year Treasury yield inched up to 4.24% , just slightly above Tuesday's 4.22% but still well below last week's levels. Hopes for a rate cut are being weighed against the risk of rising inflation, which could follow looser monetary policy. Still, many see easing by the Fed as necessary to offset pressure from Trump-era tariffs and global economic uncertainty. Tariff concerns linger as Trump's trade policy remains in focus President Donald Trump's renewed focus on tariffs continues to worry some investors, especially in light of potential trade barriers on pharmaceuticals, semiconductors, and Chinese exports. These geopolitical tensions may be weighing on business confidence and hiring decisions, as reflected in recent employment data. Global markets show modest gains alongside U.S. rally Stock indexes across Europe and Asia also posted moderate gains on Wednesday, mirroring the positive momentum from Wall Street. Overseas optimism remains tied to the strength of U.S. tech earnings and a possible easing in Fed policy, though global markets are keeping a close watch on U.S. tariff developments and inflation trends. Apple leads the charge, but broader market remains cautious Apple's historic investment pledge and its stock surge helped lift the entire market, showing how one major move from a tech giant can change investor sentiment. Strong showings from McDonald's, Shopify, and Arista provided additional tailwinds for the S&P 500 and Nasdaq. However, earnings disappointments from Disney, AMD, and Super Micro, along with ongoing tariff fears, underscore the market's underlying volatility. As September's Federal Reserve meeting approaches, Wall Street remains on alert. For now, Apple's bold commitment to the U.S. economy has delivered a much-needed dose of confidence. FAQs: Q1: Why did Apple stock rise so much today? Apple stock jumped after news of a $100 billion U.S. investment plan that boosted investor confidence. Q2: What is driving Wall Street gains this week? Strong tech earnings, Apple's big investment, and hopes for interest rate cuts are lifting the markets.
