Xiaomi eyes $6.9B investment in chipsets over 10 years

The Indian smartphone market grew by 4% to 151 million units in 2024 and became Apple’s fourth largest market as rival Samsung recorded decline. 

Apple airlifted US$2 billion worth of iPhones from India to the United States last month, in a strategic move to shield against the impact of rising US import tariffs.

The Chinese smartphone market experienced 10% growth in the second quarter with units reaching 70.5 million units, and local vendors occupying the top five spots for the first time.