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India's User Privacy Mandate Could Spell Losses For Smartphone Players Like Samsung, Xiaomi, Apple

  • India's latest smartphone mandate could amount to losses in business from pre-installed apps for players, including Samsung Electronics Co, Ltd (OTC: SSNLF), Xiaomi Corp (OTC: XIACF) (OTC: XIACY), Vivo, and Apple Inc (NASDAQ: AAPL).

  • India plans to force smartphone makers to allow the removal of pre-installed apps and mandate screening of major operating system updates under proposed new security rules, Reuters reports citing familiar sources.

  • Most smartphones used in India have pre-installed Apps/Bloatware, which poses serious privacy/information security issue(s), stated a February 8 confidential government meeting record. Xiaomi, Samsung, Apple, and Vivo representatives attended the close door meeting.

  • The document stated that the government has decided to give smartphone makers a year to comply once the rule comes into effect.

  • India's IT ministry is weighing these new rules to ensure the safety of user data.

  • Pre-installed apps could serve as weak security leading to exploitation by foreign powers like China, an Indian official state.

  • Smartphone players often sell their devices with proprietary apps but sometimes pre-install others with monetization agreements. Therefore, the government must distinguish between these and non-essential when enforcing screening rules.

  • The testing could prolong approval timelines for smartphones.

  • South Korea's Samsung has a 20%, and Apple has a 3% share in India's fast-growing smartphone market.

  • India ramped up scrutiny of Chinese businesses since a 2020 border clash, banning over 300 Chinese apps, including TikTok. It also intensified scrutiny of investments by Chinese firms.

  • Benzinga now provides actionable financial news and trading ideas for the Indian financial markets on in.benzinga.com.

  • Image by Alan from Pixabay

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This article India's User Privacy Mandate Could Spell Losses For Smartphone Players Like Samsung, Xiaomi, Apple originally appeared on Benzinga.com

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