May move a company Samsung has made a large portion of its smartphone production in India, and this may affect your phone costs as well as help the company generate profits.
(Alleged sources)Economic Times) Through (SamMobileSamsung is planning to move some of its production in Vietnam and other countries to India under a country-linked production incentive system that rewards local manufacturing. It is said to be hoping to produce more than $ 40 billion in devices (around 3 trillion rupees) in India over the next five years. Most of that value – about $ 25 billion – will come from phones over $ 200, and for information only, about half of Samsung’s production is in Vietnam, according to estimates.
Similar to Apple, which recently started making more iPhones in India, Samsung will have a clear economic incentive to shift its manufacturing, as it avoids import duties of 20 percent, and can keep prices low for some of its phones in India at least. It could also help the company perform better in the highly competitive Indian market.
It may also help to make Samsung manufacturing more reasonable, in economic terms as a whole, and it is believed that the company owns 20 percent of the smartphone market in terms of colossal size, compared to 14 percent for Apple, but only 22 percent in India compared to Apple’s share. The amount is 38 percent. And lower production costs of phones won’t necessarily boost Samsung’s value, but it could help it earn more with each phone.
It is worth noting that the owner of the famous leaks (Evas Plus) published, through his account on Twitter, new photos of a phone that was not announced by Samsung under the name (Galaxy S20 FE). During the past months, many leaks have been published from leaked websites and accounts, such as: SamMobile, Ice Universe, and The Elec, which mentioned that the phone will be a cheaper version of the Galaxy S20 that was announced earlier this year, similar to the phone. (Galaxy S10 Lite) Galaxy S10 Lite, which was a cheaper version of the (Galaxy S10) phone that was launched last year.