Samsung’s FY26 Q1 exports fall 20% as PLI benefits end; Apple, Dixon may be next
New Delhi: Samsung’s exports of smartphones slumped by almost a fifth — both year-on-year and sequentially — in the first quarter of FY26, likely because the South Korean major is no longer eligible for benefits under the smartphone production-linked incentive (PLI) scheme since April.
According to industry executives, without the PLI incentives, Samsung may have lost export competitiveness and thus recalibrated its export plans. And the same could happen to Apple and Dixon Technologies – two other major beneficiaries of the scheme – after March 2026.
