Supply Chain Research

India overtook the U.S. to be the second largest market for smartphone sales in the third quarter. That followed a 23% growth in shipments. Samsung and Xiaomi led sales with a combined 47% market share. Imports of completed handsets fell 9% in dollar terms, Panjiva data shows, likely reflecting increased local production as well as lower-end equipment imports. The rise in local production can be seen in the 62% surge in mobile phone component imports. A rise of 60% in the month of September alone, as well as a 21% increase in handset imports, suggests India’s telecoms boom is set to cont...