Google Follows Apple's Lead, Set To Begin Making Smartphones In This Asian Country
Portfolio Pulse from Shomik Sen Bhattacharjee
Google (NASDAQ:GOOGL) is set to start manufacturing its Pixel smartphones in India, beginning with the Pixel 8 Pro in Southern India and the Pixel 8 in Northern India. This move aims to diversify its supply chain and tap into the Indian market, following a trend among tech companies like Apple and Samsung. The decision reflects a shift from manufacturing in Vietnam due to US-China tensions and aligns with the 'China+2' strategy for supply chain resilience.
February 22, 2024 | 6:07 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Google's decision to manufacture Pixel smartphones in India marks a significant strategic shift, aiming to diversify its supply chain and enhance its presence in the Indian market.
Manufacturing in India allows Google to reduce dependency on a single region, potentially lowering costs and tapping into a large market. This could positively impact investor sentiment and Google's stock in the short term due to the strategic benefits of supply chain diversification and market expansion.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90