Latest news with #NavkendarSingh
Mint
26-05-2025
- Business
- Mint
Indias PC market grows 8.1 pc to 3.3 mn units in Mar qtr, HP leads
New Delhi, India's personal computer market grew 8.1 per cent to 3.3 million units in the March 2025 quarter, driven by Republic Day sales and heavy shipment push in the month across sales channels, market research firm IDC said on Monday. HP continues to lead the space with a 29.1 per cent market share, while Lenovo recorded the highest growth at 34.8 per cent year-on-year among its rivals, clocking an 18.9 per cent market share in the first quarter of 2025, according to International Data Corporation Worldwide Quarterly Personal Computing Device Tracker report. Supplies of Dell PCs declined by 3.4 per cent on a year-on-year basis during the reported quarter. The company occupied third spot in the PC segment with 15.6 per cent. While shipment of Acer grew by 7.6 per cent year-on-year, its market share remains unchanged at 15.4 per cent. Asus PC supply in the Indian market grew by 8.6 per cent on a year-on-year basis, and the market share improved marginally to 6 per cent during the reported quarter, according to IDC estimates. The IDC report said the consumer segment grew by 8.9 per cent year-on-year in the January-March 2025 period, driven by Republic Day sales and heavy shipment push in March across channels. "PC vendors are ensuring greater accessibility for customers across India by strengthening their offline presence with new brand stores, increasing LFR presence, and offering attractive discounts and cashback deals online. While strong shipments indicate positive market momentum, the resulting increase in channel inventory poses a challenge in the near future," Bharath Shenoy, research manager, IDC India & South Asia, said. E-tail channel continued its upward trajectory, growing at 21.9 per cent year-on-year in the reported quarter. The commercial segment grew 7.5 per cent with increased demand for commercial notebooks, primarily from enterprises. "While enterprise orders continue to grow and drive commercial segment purchases, the Indian IT/ITES sector has remained relatively subdued so far, reflecting a cautious approach and a focus on optimising existing IT investments. "Meanwhile, continued demand for gaming notebooks has triggered growth in the consumer segment," Navkendar Singh, associate vice president Devices Research, IDC India, South Asia and ANZ, said. He said that organisations have started adopting AI PCs to enhance productivity, security, and automation, with AI-powered capabilities becoming integral to business operations, and the same is expected to grow further in the coming quarters. The commercial desktop category, however, declined 2.5 per cent due to a 27.4 per cent year-on-year fall in the government segment. This article was generated from an automated news agency feed without modifications to text.
Time of India
25-05-2025
- Business
- Time of India
Apple pips Xiaomi, enters top 5 in India
NEW DELHI: In a major upset in the Indian smartphone market, Apple overtook Chinese giant Xiaomi in sales during the first quarter of this year, cracking the Top 5 ranking in terms of market share. While Apple has gained from rising demand for its premium iPhones, the fall for Xiaomi - which is now ranked sixth according to the latest IDC numbers - has been unprecedented considering that the company dominated the Indian market for several years, lording over top global, while also decimating homegrown players such as Micromax, Lava, and Karbonn. The category is now led by fellow Chinese Vivo, which is sitting on top of the pile, followed by Samsung, Oppo, realme, and Apple (see graphic). While Samsung stayed flat, Vivo and Oppo also gained market share, with almost all players expanding at Xiaomi's expense. Apple's juggernaut seems to be going strong due to the aggressive nature of its India sales strategy, including rollout of attractive finance schemes. Research firm IDC said Apple is the brand to watch out for as the average selling price (ASP) of iPhones in India is roughly three times the broader market, which simply means people are ready to pay significantly more for an Apple device. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like [Click Here] 2025 Best Luxury Hotel Prices Expertinspector Learn More Undo "Anybody and everybody wants an iPhone. People see iPhones in the hands of their friends and family and want one for themselves. You can even call it peer pressure or simply the pull of the brand," Navkendar Singh, analyst with IDC Asia Pacific, told TOI. Sources said Xiaomi has been going through a challenging period over the past few years, battling a slew of regulatory troubles and tax cases apart from leadership changes. "The company has seen numerous tax-related disputes, and these include investigations by the Enforcement Directorate and income tax department. This has had a massive impact on the morale of senior management," a source said. The company saw the exit of CEO Manu Jain, who first went to Dubai and then parted ways at the height of tax probe in early 2023. There have been other top management exits. Many also blame the decline in Xiaomi's numbers to the change of strategy as it vied for more premium devices against being a mainstream player. "This strategy has failed and the company's products are priced out in several categories. The company has also lost its grip in its core online sales, apart from being weak in offline too," the source said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hindustan Times
29-04-2025
- Business
- Hindustan Times
Apple and India battle time and geography in iPhone production shift
There are reports that Apple intends to shift manufacturing of all US-bound iPhones, from China to India. That means, around 60 million more iPhones may be made in India, destined specifically for the US — this, in addition to iPhones already made here for domestic consumption, and exports. If Apple's manufacturing partners in India are able to pull this off, it'll be nothing short of a coup, say analysts. There are three distinct yet overlapping pieces that need to come together. The current iPhone manufacturing capacity in India with headroom for increasing local consumption and exports; investments lined-up by Apple and its partners Foxconn as well as Tata Electronics to add more production capacity; and sourcing of raw materials for which any production facility still largely relies on China. Apple has not confirmed, or denied, these conversations. A larger share of the pie India's manufacturing share of iPhones, depending on estimates, ranged between 10% to 20% at the end of 2024. Apple's global iPhone shipments for the year were 232.1 million. Apple does not release country-specific manufacturing data. 'Our estimations are that in 2024, the production levels of iPhones in India was around 43 million units. They export around 32 million out of this, and the rest are sold in India,' points out Navkendar Singh, analyst with International Data Corporation (IDC) Asia Pacific. While India has been assembling iPhones in India since 2017, and annually increasing that capacity, it was last year when the iPhone 16 Pro and iPhone 16 Pro Max marked a beginning of the 'Pro' iPhone manufacturing in the country. That played its part in bucking the trend of generational inflation that is common with annual smartphone upgrade cycles — the fact that iPhone 16 Pro phones cost lesser than their predecessors, forced Android phone makers including Samsung and OnePlus to implement pricing corrections on their flagship phones. 'The projections for 2025 indicate a rise to 26-28% share, underscoring India's increasing role in Apple's global supply chain,' says Prabhu Ram, Vice President - Industry Research Group, at CyberMedia Research (CMR). iPhone manufacturing in India, starting with the low-cost iPhone SE, scaled quickly with three partners, Foxconn, Wistron and Pegatron in the early years. The big boost was provided by the government of India's Production-Linked Incentive (PLI) scheme. Currently, Foxconn produces more than 60% of all iPhones being put together in India, and has dialled up investments in recent years — this includes a $1.5 billion investment in expanding the plant near Chennai, and the company is believed to be working on a new facility near Noida. Foxconn did not respond to HT's requests for comment. Tata Electronics, which acquired Wistron, and has a majority stake in Pegatron's Tamil Nadu facility, is also investing towards capacity expansion. These investments will be crucial to creating room for the big shift from China, in the coming years. Tata Electronics declined a comment on any possible realignment of iPhone production between China and India. Providing a backdrop to Apple's new thrust is the ₹76,000 crore India Semiconductor Mission, although it will take some time for the chips powering iPhones to be made locally. In the fiscal year ending March 2025, Apple is estimated to have produced $22 billion worth of iPhones in India, a 60% increase, over a year prior. Where do we go from here? 'Even with best efforts, I don't see Apple manufacturing more than 50 million iPhones a year in India, out of which 20-25% will be consumed domestically and rest exported to other countries,' says Faisal Kawoosa, Chief Analyst and co-founder of Techarc. IDC's Singh expects India's iPhone consumption to increase from present 11 million units, to around 20 million, in coming years. A big, complicated shift? Still, while analysts believe its debatable whether a complete replication and replacement of production of US-bound iPhones from China to India is possible, they agree that a significant shift is very much on the anvil. 'In 2024, roughly one in four iPhones globally available was shipped to North America (NAM) which includes US and Canada,' notes Abhilash Kumar, Industry Analyst at TechInsights, a research firm. Kumar believes that India's iPhone production capacity will likely double in 2025, but even then, will not be enough to meet the Indian as well as US demand. Things could change next year, though. IDC's Singh notes that factoring in an upward trajectory of India's iPhone demand, ' Apple and their partners will need capacity to produce 20 million plus 60 million iPhones in India to meet all the demand for India plus for the US.' 'Theoretically the shift is possible, but in reality it might not be feasible. Our manufacturing is an extension of Chinese manufacturing ecosystem and we rely on components from China,' notes Techarc's Kawoosa. 'We estimate that scaling up iPhone production in India would entail investments upwards of $200 million by Apple and its partners over next couple of years. Eventually, it might need to go up to $500 million,' Kawoosa estimates, adding that China's stranglehold on the component ecosystem, gives it leverage. 'I feel China might already be hunting for strategic potential partners, like Middle Eastern countries, who they could work with to bypass the reciprocal tariffs,' he adds. Pieces of the puzzle Sourcing of components, and an overwhelming reliance on China, leaves little in terms of flexibility for tech companies such as Apple, and their production partners. CMR's Ram says it is crucial to recognise deep interdependencies within the supply chain. 'With China still serving as a critical source for key components and raw materials, any supply chain disruptions or new tariffs on Chinese parts could still impact iPhone production timelines and costs,' he says. Timelines being indicated (end-2026 is one that has appeared in reports) for Apple's intent to shift production from China to India, is something IDC's Singh disagrees with. 'I believe the 18-month timeline is slightly premature. The 80 million target can happen in two and a half or three years but that's also going to be tricky. Especially the fact that we know from our sources that whenever production lines have to be expanded and precision machines are set up, those engineers still come from China.' 'India's manufacturing chains or Apple's dependency on high value components, screens, processors etc. everything from China and Taiwan, will remain for a foreseeable future,' says Singh. He explains that a semiconductor facility itself has a timeline as long as 15 years, and even then, they may begin initially with larger 10-nanometer architecture chips. The present generation A18 Pro chip used in iPhones is a second-generation 3-nanometer process (TSMC N3E, to be precise), with specific focus on performance per watt metrics, as well as artificial intelligence (AI) processing. It will take time for India to start making these. Importantly, iPhone manufacturing facilities follow a standard template anywhere in the world, including precise robotic assembly lines and testing equipment, stringent quality control, as well as significant capital investment for training as well as skilling the workforce. This is something Apple CEO Tim Cook alluded to recently, when he noted that the manufacturing reliance on China is not due to costs, but due to availability of skilled labour and advanced tooling. 'For China, an immediate priority will be to secure a favourable trade agreement with the US,' says CMR's Ram. And for India, it will be to scale up its current production rapidly.
Hindustan Times
28-04-2025
- Business
- Hindustan Times
iPhone production shift: Money no bar, but Apple and India battle time and geography
If Apple's manufacturing partners in India are able to pull this off, it'll be nothing short of a coup. There are suggestions that Apple intends to shift manufacturing of all US-bound iPhones from China to India in its entirety. That means, around 60 million more iPhones may be made in India, destined specifically for the US — this in addition to iPhones already made here for domestic consumption, and exports. There are three distinct yet overlapping pieces that need to come together. The current iPhone manufacturing capacity in India with headroom for increasing local consumption as well as an upward export trajectory, investments lined up by Apple and their partners Foxconn as well as Tata Electronics to add more production capacity, and sourcing of raw materials for which any production facility still largely relies on China. Apple has not confirmed, or denied, these conversations. A larger share of the pie India's manufacturing share, depending on estimates, ranged between 10% to 20% at the end of 2024. Apple's global iPhone shipments for the year were 232.1 million. Apple does not release country-specific manufacturing data. 'Our estimations are that in 2024, the production levels of iPhones in India was around 43 million units. They export around 32 million out of this, and the rest are sold in India,' points out Navkendar Singh, analyst with International Data Corporation (IDC) Asia Pacific. While India has been assembling iPhones in India since 2017, and annually increasing that capacity, it was last year when the iPhone 16 Pro and iPhone 16 Pro Max marked a beginning of the 'Pro' iPhone manufacturing in the country. That played its part in bucking the trend of generational inflation that is common with annual smartphone upgrade cycles — the fact that iPhone 16 Pro phones cost lesser than their predecessors, forced Android phone makers including Samsung and OnePlus to implement pricing corrections on their flagship phones. 'The projections for 2025 indicate a rise to 26-28% share, underscoring India's increasing role in Apple's global supply chain,' says Prabhu Ram, Vice President - Industry Research Group, at CyberMedia Research (CMR). The iPhone manufacturing in India, starting with the low-cost iPhone SE, scaled quickly with three partners, Foxconn, Wistron and Pegatron, in the early years. The big boost provided by the government of India's Production-Linked Incentive (PLI) scheme. At this time, Foxconn is producing more than 60% of all iPhones being put together in India, and have dialled up investments in recent years — this includes a $1.5 billion investment in expanding the plant near Chennai, and expected to be committing to a new facility near Noida. Tata Electronics, which acquired Wistron, and has a majority stake in Pegatron's Tamil Nadu facility, is further investing towards capacity expansion. These investments will be crucial to creating room for the big shift from China, in the coming years. Providing a backdrop is also the ₹76,000-crore India Semiconductor Mission, for instance, investing $11 billion in a joint venture between Tata Electronics and Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC) to build a semiconductor fab in Gujarat. Units by Micron, CG Power and Kaynes Semicon, are other examples. In the fiscal year ending March 2025, Apple is estimated to have produced $22 billion worth of iPhones in India, which is a 60% increase, over a year prior. Where do we go from here? 'Even with best efforts, I don't see Apple manufacturing more than 50 million iPhones a year in India, out of which 20-25% will be consumed domestically and rest exported to other countries,' says Faisal Kawoosa, Chief Analyst and co-founder of Techarc. IDC's Singh expects India's iPhone consumption to increase from present 11 million units, to around 20 million, in coming years. A big, complicated shift? Easier said than done, but a significant shift is very much on the anvil. There is little consensus on whether at all a complete replication and replacement of production of US-bound iPhones from China to India is at all possible. 'In 2024, roughly 1 in 4 iPhones globally available was shipped to North America (NAM) which includes US and Canada,' notes Abhilash Kumar, Industry Analyst at TechInsights, a research firm. Kumar believes that India's iPhone production capacity will likely double in 2025, but even then, will not be enough to meet the Indian as well as US demand. But that mission is just a further step away. IDC's Singh notes that factoring in an upward trajectory of India's iPhone demand, calculations make clear where this conversation stands. 'It means Apple and their partners will need capacity to produce 20 million plus 60 million iPhones in India to meet all the demand for India plus for the US,' he computes. Tata Electronics declined a comment on any possible realignment of production between China and India. 'Theoretically the shift is possible, but in reality it might not be feasible. Our manufacturing is an extension of Chinese manufacturing ecosystem and we rely on components from China,' notes Techarc's Kawoosa. 'We estimate that scaling up iPhone production in India would entail investments upwards of $200 million by Apple and its partners over next couple of years. Eventually, it might need to go up to $500 million,' Kawoosa estimates, adding China's stronghold on the component ecosystem, gives it leverage. 'I feel China might already be hunting for strategic potential partners, like middle eastern countries, who they could work with to bypass the reciprocal tariffs,' he adds. Pieces of the puzzle Sourcing of components, and an overbearing reliance on China, leaves little in terms of flexibility for tech companies such as Apple, and their production partners. For the foreseeable future, things are unlikely to change. CMR's Ram says it is crucial to recognise deep interdependencies within the supply chain. 'With China still serving as a critical source for key components and raw materials, any supply chain disruptions or new tariffs on Chinese parts could still impact iPhone production timelines and costs,' he says. Timelines being indicated (that is, end of 2026) for Apple's intent to shift production from China to India, is something IDC's Singh disagrees with. 'I believe the 18-month timeline is slightly premature. The 80 million target can happen in two and a half or three years but that's also going to be tricky. Especially the fact that we know from our sources that whenever production lines have to be expanded and precision machines are set up, those engineers still come from China,' he says. Foxconn did not respond to HT's requests for comment. 'India's manufacturing chains or Apple's dependency on high value components, screens, processors etc. everything from China and Taiwan, will remain for a foreseeable future,' says Singh. He explains that a semiconductor facility itself has a timeline as long as 15 years, and even then, they may begin initially with larger 10-nanometer architecture chips. The present generation A18 Pro chip is a second-generation 3-nanometer process (TSMC N3E, to be precise), with specific focus on performance per watt metrics, as well as artificial intelligence (AI) processing. iPhone manufacturing facilities, with a standard template anywhere in the world, including precise robotic assembly lines and testing equipment, stringent quality control, as well as significant capital investment for training as well as skilling the workforce. This is something Apple CEO Tim Cook alluded to recently, when he noted that the manufacturing reliance on China is not due to costs, but due to availability of skilled labour and advanced tooling. For China, an immediate priority will be to secure a favourable trade agreement with the US,' says CMR's Ram. One thing is clear, tech companies are finding ways to accelerate a shift away from China by diversifying supply chains and production lines, as much as the ever-changing specifics allow.
Time of India
26-04-2025
- Business
- Time of India
Apple tempted by India! In shift away from China, 70-80 million iPhones to be made in India soon amid Trump tariff tensions
Apple aims to significantly increase iPhone production in India as part of its strategy to diversify manufacturing away from China and protect against uncertainties stemming from under the administration. Tired of too many ads? go ad free now Currently, the company produces approximately 40-43 million iPhones annually in India, with about 80% for export markets, according to industry data. Production could increase to 70-80 million units by late 2026, positioning India as the primary iPhone supplier to the United States. The company produces iPhones in India through and , with Tata Electronics having acquired Wistron and Pegatron's facilities in the country. Industry experts indicate this transition could result in India manufacturing nearly 40% of global iPhone sales within the next 18 months, an increase from the present 18-20%. Apple's India Plans Government officials informed ET they will collaborate with Apple and its suppliers to facilitate this transition, which would substantially strengthen India's electronics manufacturing sector. Also Read | "As per our estimates, Apple has reached a production scale of around 40-43 million iPhones in India for both domestic consumption and exports, amounting to 17-20% of its global shipments in 2024," said Navkendar Singh, associate vice president, IDC India. Singh noted that doubling iPhone production in India would require scaling up to 70-80 million units annually, significantly boosting India's expanding electronics manufacturing ecosystem. Apple, having established India as its second global iPhone manufacturing hub, is rapidly increasing its production capacity in this South Asian nation, which also represents the world's second-largest smartphone market. Tired of too many ads? go ad free now Apple's suppliers exported iPhones worth nearly Rs 1.5 lakh crore in FY25, increasing from Rs 85,000 crore in FY24. Also Read | The relocation of iPhone manufacturing will largely depend on India's standing in the evolving geopolitical landscape and the conditions of the proposed US trade agreement. Should the Trump administration adopt a lenient stance towards China, the transition to India could be slower. According to an industry insider, the relocation of global value chains (GVCs) will also depend on whether India implements substantial reforms to tackle ongoing cost inefficiencies and policy uncertainties related to taxes and tariffs, ensuring production doesn't divert from China to countries such as Vietnam. The India Cellular and Electronics Association (ICEA), whose members include Apple and other major electronics companies, indicates that India faces a cost disadvantage of 7% to 7.5% compared to Vietnam and China. Additional streamlining, particularly of crucial sub-assemblies and components, would enhance India's competitive position. A Niti Aayog study on electronics GVCs emphasises the necessity to reduce component tariffs to match China and Vietnam's levels, as current rates disadvantage Indian exports. The study additionally recommends harmonising direct and indirect tax structures to align with competing nations' offerings. Despite India's advantageous position compared to China and Vietnam under Trump's new tariff system, experts suggest that New Delhi must strategically negotiate to secure a beneficial long-term agreement with the US, whilst outmanoeuvring its manufacturing competitors. Also Read |
