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U.S. smartphone shipments rose 30% in March, spurred by tariff concerns

  • Smartphone shipments to the U.S. surged by 30% in March due to concerns over tariffs, with companies like Apple, Samsung, and Motorola importing more devices to avoid potential price hikes.
  • Apple airlifted $2 billion worth of iPhones from India using suppliers Foxconn and Tata Electronics to meet the increased demand, as reported by Reuters.
  • The surge in shipments was a strategy to bypass heavy tariffs that could impact profits and demand, leading companies to shift towards diversifying supply chains from China to countries like India and Vietnam.
  • President Donald Trump's announcement of tariffs on April 2 prompted companies, including Apple, to adapt their supply chains. Apple's sales to distributors and retailers rose by 42% in March, while Samsung's sell-in increased by 4%.

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