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Apple was hit the hardest due to its manufacturing plants in China, India, and Vietnam: Its shares plunged 9.2% in the day after the announcement. Amazon and Meta followed close behind, each with 9% declines, while Nvidia鈥檚 shares fell 7.8%. Alphabet and Tesla saw more modest losses of 3.9% and 5.5%, respectively.

Its diversified supply chain and its expansion into India and Vietnam took years to develop, giving Apple some resilience in counteracting tariffs and buying them time before inevitable price increases. Businesses entirely reliant on China production might have no choice but to raise prices immediately.

Worldwide sub OTT viewership will grow 3.5% in 2025 thanks to a decent bump from major population centers like Indonesia, Brazil, and India. But most countries won鈥檛 reach even that modest mark, as sub OTT鈥檚 core markets (in North America and Western Europe) are extremely saturated and won鈥檛 see many new viewers.

Following vlogs/influencer videos was reported by 30.2% of respondents in India. That rate of adoption ranked India No. 2 globally, trailing only the Philippines. Using paid platforms (e.g., Patreon, Podia) to follow creators was reported by 13.3% of respondents in India. Device Ownership. India led the region in smartwatch ownership at 34.5%, significantly above the regional average of 28%.

What this means for banking competitors: With ambitious global expansion plans (including licensed banks in the UK and Mexico, a move into India, and the launch of mortgages), Revolut is positioning itself as a full-spectrum financial super app. Its ability to scale rapidly while maintaining high user engagement gives it momentum that traditional banks are struggling to match.

Users in India, France, Hong Kong, and Taiwan can sign up two users on a single account. It costs more than an individual Premium plan but less than the Premium Family plan, which allows up to five users. Key stat: 88% of podcast listeners have taken some form of action because of a podcast ad, per Edison Research.

No wiggle room: Faced with the potential devastation of their manufacturing industries, Vietnam, India, Indonesia, and other countries have signaled their willingness to negotiate with the Trump administration. But it鈥檚 not clear exactly what the government wants.

Best Buy is separately figuring out how to mitigate the impact of tariffs since many of its products come from China, Vietnam, and India鈥攖he retailer may not be able to sustain its home healthcare investments for much longer if pressures persist. This content is part of 蘑菇AV鈥檚 subscription Briefings, where we pair daily updates with data and analysis from forecasts and research reports.

For consumers, clothing and accessories are the top product category during Diwali among smartphone users in India (87%), while jewelry (67%) tops the list for in-store shopping, per a Glance survey.

India and Mexico will see the fastest B2B digital ad spending growth by far. B2B digital ad spending is still nascent in many emerging markets, which leaves enormous headroom for growth. India and Mexico will see superlative growth rates over the next several years鈥攂ut from very small bases.

China-India ties have been strained ever since a skirmish broke out between the countries in May 2020 in disputed territory, leading to the ousting of China-linked tech companies such as TikTok and Alibaba. The relationship has been somewhat restored since then, but the return of Chinese tech giants is unlikely to happen in 2025. Quick commerce in India will face profitability concerns.

Emerging manufacturing hubs like Vietnam and India face tariffs of 46% and 27%, respectively, while nearshoring destinations like Mexico are also caught in the crosshairs. The auto industry is in trouble: Auto companies, both foreign and domestic, will be hit hard by Trump鈥檚 trade wars. Already, tariffs are having significant repercussions for companies, workers, and consumers.

Take Apple: The company assembled $22 billion worth of iPhones in India over the past year, a nearly 60% YoY increase, per Bloomberg. While Apple and its suppliers continue shifting production away from China, they鈥檝e seen potential tariffs on Indian-assembled iPhones swing from 26% to 10% to 0% in just a week.

Pandora, which implemented a 5% price hike last October, said it can absorb the current 10% universal duty but warned that steeper 鈥渞eciprocal鈥� tariffs would trigger it and its competitors to significantly increase prices because the affordable jewelry sector is heavily reliant on manufacturing in Thailand, Vietnam, India, and China.

Notably, most of the ingredients that medicines are made up of are manufactured in China and India. Novartis鈥� expansion capacity will cover both active pharmaceutical ingredients (API) and biologics drug substance, as well as secondary production and packaging.

Apple told The Economic Times that "the 鈥宨Phone 16e鈥� is being assembled in India for Indian consumers and for export to select countries.". Google has manufactured devices in Vietnam since 2019, including the Pixel 9a, in response to the US-China trade war, per Nikkei. Why it matters: US smartphone manufacturing isn鈥檛 viable鈥攜et. A domestically made iPhone could cost up to $3,500, per CNBC.

Apple is reportedly exploring shifting its iPhone production from China to India to offset these threats. A look at Services: Despite some notable wins like the second season of Apple TV+ show 鈥淪everance鈥� last quarter, Apple鈥檚 Services category missed the mark.

The company experienced a 17.4% decline in China; a 4.5% decline in takings in Western Continental Europe; a 5.5% decline in the UK; and a 5.5% increase in India. Still, WPP鈥檚 top 25 clients saw 2.5% growth in Q1, helmed by a robust CPG performance, improvement in tech and digital spend, and stabilization in healthcare. Retail, telecom, and travel and leisure declined.

It鈥檚 also reportedly planning layoffs in India offices across ad, sales, and marketing teams, per the Business Standard. The second phase of the Department of Justice versus Google antitrust trial is set to start in May. A federal judge will decide if Google must sell Chrome or if鈥攁s proposed by Google鈥攊t can instead open up default search engine deals to competitors.

The Asia-Pacific coverage in the Global Media Intelligence Report includes poll results from Australia, China, Hong Kong, India, Japan, New Zealand, Philippines, South Korea, and Taiwan.

Prescription drug prices would also likely increase as the US depends heavily on countries like China and India for generic drugs and the active pharmaceutical ingredients (APIs) used in drug manufacturing. The final word: Since the election, pharma has lobbied Trump on IRA drug price negotiations, tackling PBM reform, and delaying tariffs.

Apple is caught in the fallout from China鈥檚 new tariffs, even as it shifts production to India and Vietnam鈥攃ountries already hit by new Trump tariffs of 27% and 46%, respectively. 25% of goods sold on Amazon come from China, per The Economic Times, Import cost increases could disrupt their model for affordable and easily accessible goods.