Latest news with #GerritSchneemann
India Gazette
17-05-2025
- Business
- India Gazette
US smartphone shipments rose 30% in March due to tariff concerns
WASHINGTON, D.C.: Smartphone shipments to the United States jumped 30 percent in March as manufacturers including Apple, Samsung, and Motorola raced to bring more devices into the country ahead of potential import tariffs, according to a report by Counterpoint Research released this week. Apple, in particular, airlifted a record $2 billion worth of iPhones from India in March, relying on Indian suppliers Foxconn and Tata Electronics to meet the spike in demand, Reuters previously reported. The surge underscores manufacturers' efforts to preemptively stockpile devices and mitigate the impact of tariffs that could erode profit margins or suppress demand if prices rise. It also highlights a broader strategic shift to diversify supply chains away from China amid geopolitical tensions, with India and Vietnam emerging as key alternative production hubs. Apple's production in India surged in March, and the tech giant now expects most of its smartphones sold in the U.S. to come from India in the June quarter. This move follows President Donald Trump's announcement of a series of tariffs on April 2, prompting companies to reevaluate their supply chains. Although the U.S. temporarily suspended the tariffs on smartphones and other electronic devices for 90 days, manufacturers remain cautious. "The increase in shipments in March and early April will help insulate Apple from potential immediate pricing impacts in the U.S. through mid-to-late summer," said Gerrit Schneemann, a senior research analyst. Schneemann added that if the tariff dispute with China remains unresolved by the time the iPhone 17 launches, India is likely to become the primary supplier of U.S.-bound devices. Apple's sales to distributors and retailers rose 42 percent in March, while Samsung's shipments increased by 4 percent. Lenovo-owned Motorola nearly tripled its exports from India, contributing to India's share of U.S. smartphone imports rising to 26 percent in the first quarter, up from 16 percent a year ago.
Yahoo
15-05-2025
- Business
- Yahoo
Apple's India iPhones Boost U.S. Shipments by 30%
Apple (NASDAQ:AAPL) saw its India-made iPhone shipments jump as total U.S. smartphone volumes surged 30% year-over-year in March amid a tariff-avoidance rush, Counterpoint Research reports. OEMsincluding Apple, Samsung (SSNLF) and Motorolahurried inventory into the U.S. ahead of April 2 tariffs, driving U.S. inventories up 51% year-over-year for the month. India's share of U.S. smartphone shipments climbed to 26% in Q1, from 16% a year ago, with Motorola nearly tripling its India output and Samsung leaning on its Indian Galaxy A16 line. China's share dipped to 52% from 56%, while Vietnam fell to 21% from 27%, underscoring a broader shift in production mix. Apple's sell-in jumped 42% in March as it pre-stocks U.S. channels, compared to Samsung's more modest 4% gain, thanks to Samsung's diversified supply base and midyear device lineup. Counterpoint Senior Analyst Gerrit Schneemann notes the March build-up will help insulate Apple from immediate pricing impacts through mid-to-late summer, and predicts that if tariffs remain unresolved by the iPhone 17 launch, India will become the primary source for U.S.-bound units. Over the weekend, Washington and Beijing agreed to slash reciprocal tariffsU.S. cuts from 145% to 30% and China from 125% to 10% for 90 daysoffering a temporary reprieve that Samsung hopes will avert price hikes. Why It Matters: Shifting production to India and front-loading shipments may shield Apple from tariff headwinds, while broad inventory builds signal how OEMs are hedging policy risk in global supply chains. Investors will be watching April shipment data and tariff negotiations over the next 90 days to see if India's role solidifies and pricing pressure eases. This article first appeared on GuruFocus. Sign in to access your portfolio
Time of India
15-05-2025
- Business
- Time of India
US smartphone shipments rose 30% in March due to tariff concerns, report says
Smartphone shipments to the U.S. surged 30% in March as manufacturers Apple , Samsung and Motorola rushed to bring more devices into the country in anticipation of steep import tariffs, Counterpoint Research said on Wednesday. Apple alone airlifted a record $2 billion worth of iPhones from India in March, leveraging Indian suppliers Foxconn and Tata Electronics, to meet the demand surge, Reuters reported last month. The surge in shipments reflects companies' efforts to sidestep hefty tariffs that could erode profits or dampen the demand for smartphones if the levies drove up prices. Separately, the growing reliance on India and Vietnam highlights manufacturers' strategic shift to diversify supply chains away from China to reduce geopolitical risks and capitalize on the emerging production hubs. As Apple increased its production in India in March, shipments from the country rose significantly. The iPhone maker said most of its smartphones sold in the U.S. will originate from India in the June quarter. President Donald Trump announced a series of tariffs on April 2, prompting companies such as Apple to adjust supply chains. However, the U.S. suspended the tariffs on smartphones and other electronic devices as part of a broader 90-day pause. "The increase in shipments in March and early April will help insulate Apple from potential immediate pricing impacts in the U.S. through mid-to-late summer," said senior research analyst Gerrit Schneemann. "Should the tariff situation remain unresolved with China by the time the iPhone 17 ships, we expect India to become the primary provider for U.S.-bound iPhone 17 devices." Apple's sales to distributors and retailers rose 42% in March, while Samsung's sell-in rose 4%. Lenovo-owned Motorola nearly tripled its exports from India. The country's smartphone exports to the U.S. accounted for 26% of all first-quarter shipments, up from 16% a year ago.
Time of India
15-05-2025
- Business
- Time of India
US smartphone shipments rose 30% in March due to tariff concerns, report says
Smartphone shipments to the U.S. surged 30% in March as manufacturers Apple , Samsung and Motorola rushed to bring more devices into the country in anticipation of steep import tariffs, Counterpoint Research said on Wednesday. Apple alone airlifted a record $2 billion worth of iPhones from India in March, leveraging Indian suppliers Foxconn and Tata Electronics, to meet the demand surge, Reuters reported last month. The surge in shipments reflects companies' efforts to sidestep hefty tariffs that could erode profits or dampen the demand for smartphones if the levies drove up prices. Separately, the growing reliance on India and Vietnam highlights manufacturers' strategic shift to diversify supply chains away from China to reduce geopolitical risks and capitalize on the emerging production hubs. As Apple increased its production in India in March, shipments from the country rose significantly. The iPhone maker said most of its smartphones sold in the U.S. will originate from India in the June quarter. President Donald Trump announced a series of tariffs on April 2, prompting companies such as Apple to adjust supply chains. However, the U.S. suspended the tariffs on smartphones and other electronic devices as part of a broader 90-day pause. "The increase in shipments in March and early April will help insulate Apple from potential immediate pricing impacts in the U.S. through mid-to-late summer," said senior research analyst Gerrit Schneemann. "Should the tariff situation remain unresolved with China by the time the iPhone 17 ships, we expect India to become the primary provider for U.S.-bound iPhone 17 devices." Apple's sales to distributors and retailers rose 42% in March, while Samsung's sell-in rose 4%. Lenovo-owned Motorola nearly tripled its exports from India. The country's smartphone exports to the U.S. accounted for 26% of all first-quarter shipments, up from 16% a year ago.
Yahoo
14-05-2025
- Business
- Yahoo
US smartphone shipments rose 30% in March due to tariff concerns, report says
(Reuters) -Smartphone shipments to the U.S. surged 30% in March as manufacturers Apple (AAPL), Samsung ( and Motorola (MSI) rushed to bring more devices into the country in anticipation of steep import tariffs, Counterpoint Research said on Wednesday. Apple (AAPL) alone airlifted a record $2 billion worth of iPhones from India in March, leveraging Indian suppliers Foxconn and Tata Electronics, to meet the demand surge, Reuters reported last month. The surge in shipments reflects companies' efforts to sidestep hefty tariffs that could erode profits or dampen the demand for smartphones if the levies drove up prices. Separately, the growing reliance on India and Vietnam highlights manufacturers' strategic shift to diversify supply chains away from China to reduce geopolitical risks and capitalize on the emerging production hubs. As Apple increased its production in India in March, shipments from the country rose significantly. The iPhone maker said most of its smartphones sold in the U.S. will originate from India in the June quarter. President Donald Trump announced a series of tariffs on April 2, prompting companies such as Apple to adjust supply chains. However, the U.S. suspended the tariffs on smartphones and other electronic devices as part of a broader 90-day pause. "The increase in shipments in March and early April will help insulate Apple from potential immediate pricing impacts in the U.S. through mid-to-late summer," said senior research analyst Gerrit Schneemann. "Should the tariff situation remain unresolved with China by the time the iPhone 17 ships, we expect India to become the primary provider for U.S.-bound iPhone 17 devices." Apple's sales to distributors and retailers rose 42% in March, while Samsung's sell-in rose 4%. Lenovo-owned Motorola nearly tripled its exports from India. The country's smartphone exports to the U.S. accounted for 26% of all first-quarter shipments, up from 16% a year ago. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy
