China, India and Vietnam together produced more than 90% of global handsets in 2022, making them the top three countries in terms of global handset production.We found that handset production is concentrated in a specific region mainly due to the production conditions and export costs there. Production infrastructure, policy support, labor cost, workforce proficiency and cost of logistics also played an important role. This trend does not change in the short term. Hence, we expect the concentration of handset production in certain areas to continue till 2024.
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