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India is now the second-largest maker of mobile phones in the world, surpassing Vietnam. India is anticipated to draw investments of Rs 44,265 crore between 2016 and 2022 in the smartphone manufacturing industry. China is now the world’s biggest producer of mobile phones.
The Indian government has launched programs and initiatives like Make in India, Production Linked Incentive (PLI), and others in an effort to promote domestic manufacturing and value addition.
According to a new analysis released on Monday, local mobile phone shipments under the “Make in India” program exceeded 2 billion total units throughout the period of 2014 to 2022, achieving a 23% CAGR. The “Made in India” service report from market research firm Counterpoint Research claims that this is due to strong domestic demand, rising digital literacy, and government initiatives. India is now the second-largest producer of mobile phones in the world.
Possible USB-C charging in the iPhone SE 4
A source has revealed important information on the forthcoming iPhone SE or iPhone SE 4 that claims the gadget would arrive with an Action Button, which we are sure to see in the upcoming iPhone 15 Pro, amid rumors that the next iPhone SE may be delayed. The “Unknownz21” leaker claims that the iPhone SE 4 will also include a Face ID and USB-C charging, both of which are anticipated to be included with the iPhone 15 series.
According to reports in the media, the government is prepared to extend the deadline for establishing local manufacturing facilities in the nation in an effort to attract Apple, HP, Dell, and other multinational corporations. In an effort to support domestic manufacturing, the government has placed limits on the import of laptops, tablets, servers, and other Personal Computers (PCs). According to reports, the manufacturers asked for up to a year to set up factories in India.
Foxconn, a major iPhone manufacturer, reported a 1% decline in net profit for the second quarter (Q2) due to sluggish worldwide demand for electronics. The business, which is also the biggest producer of contract electronics in the world, outperformed analysts’ expectations, albeit its net profit for the April-June quarter dropped to $1 billion.
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