Global PC and Smartphone Market Growth Slows, India Poised to Benefit
2025-04-23
UBS and Gartner have significantly lowered their global PC and smartphone market growth forecasts due to trade tariffs and macroeconomic uncertainties impacting consumer demand. Global PC shipments are expected to grow only 2% in 2025 and 2026, while smartphone shipments will grow 1% and remain flat, respectively. The US market will be disproportionately affected, with PC demand expected to decline. However, India is poised to benefit as Apple and Samsung shift production away from China to avoid US tariffs. Manufacturers are diversifying from China, strengthening India's role in hardware manufacturing.