xiaomi mi building

Xiaomi Becomes the Second Smartphone Manufacturer For the First Time

[adrotate group = “15”]

With an 83% jump in shipments for the second quarter, Xiaomi overtakes Apple and becomes the world’s no.2 phone maker – according to Canalys

Claiming the first position, Samsung registered a 19% share in the second quarter, while Xiaomi had 17% and Apple was at 14%. Shares of Xiaomi revived as much as 4.1% on Friday.

The research’s firm data also says that global smartphone shipments increased by 12 % in the last quarter, at the expense of Huawei, which after surpassing Apple in 2019, was highly affected by the US-imposed sanctions and trading ban.

“Compared with Samsung and Apple, its average selling price is around 40% and 75% cheaper respectively,” said Canalys Research Manager Ben Stanton. “So a major priority for Xiaomi this year is to grow sales of its high-end devices, such as the Mi 11 Ultra. But it will be a tough battle, with Oppo and Vivo sharing the same objective, and both willing to spend big on above-the-line marketing to build their brands in a way that Xiaomi is not.”

It’s quite a huge success for Xiaomi, marking the first time the Chinese manufacturer has reached such a flattering position in the top, next to big players like Samsung Electronics Co. and Apple Inc.

Follow TechTheLead on Google News to get the news first.

Subscribe to our website and stay in touch with the latest news in technology.

Xiaomi Becomes the Second Smartphone Manufacturer For the First Time
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Must Read

To Top