Dell and HP hold a combined 40% share of the worldwide PC
market while Google
is the market leader in Europe in the smart home devices segment, followed
by Samsung and Amazon. Google held a market share of 16.8% in Europe in the
first quarter of 2019 while Amazon held a 13.2% share.
Last month, it was reported that Apple was assessing the
cost of shifting 15-30% of its smartphone production from China to other parts
of Southeast Asia.
The report stated that the increasing costs of production in China along with the threat of heavy tariffs from the ongoing trade war are a huge concern for these technology companies, and the truce struck by the presidents of the US and China at the G20 summit last week is not likely to have an effect on their plans.
These shifts could hurt China’s position as the top producer of gadgets and could lead to a slowdown in economic growth and job losses. The companies are looking at countries like Taiwan, Vietnam, the Philippines and Mexico for production shifts. Going forward, these companies could give China stiff competition in the field of electronics production, said Nikkei.