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Taiwan's exports to China (including Hong Kong) were only US$34.3 billion from January to March 2023, a 30.6% decrease from the same period the previous year, according to Taiwan's Ministry of Economic Affairs. Aside from decreasing demand due to terminal inventory concerns, the US' broader export restrictions targeting China's high-tech industry may have had an impact.
Global refurbished smartphones saw growth in 2022 despite supply bottlenecks. India became the largest refurbished market in the year due to the effects of the pandemic in China.
Apple has embarked on massive investments in India, the world's most populous country with high economic growth potential. However, the protectionist mindset rooted in the South Asian country may pose a risk for Apple in the long term.
Samsung Electronics saw shipments increase 15% on year in the first quarter of 2023, benefitting from good midrange mobile application processor (AP) sales performance.
Following the launch of satellite communication-capable phones by Apple and Huawei in Q3 2022, other mobile phone companies have expressed interest in introducing similar phones or products. A growing range of collaborations between satellite operators, mobile phone manufacturers, and telecom operators have become highly anticipated. It is expected that more brands will join the party in 2023.