Chinese smartphone company Xiaomi has managed to overtake American tech giant Apple in the second quarter of the year, standing at second place in the global smartphone market.
According to a report by an analyst firm, Chinese smartphone maker Xiaomi overtook Apple with a 17% share of global market shipments to sit at 2nd place, right behind Samsung. Apple was pushed to 3rd place, currently standing at a 14% share in the global market.
Reports state that Xiaomi’s market share rose by 83% in the second quarter of the year, overtaking Apple by 3%. According to Canalys’ research manager Ben Stanton, Xiaomi’s global business is increasing at a rapid pace, with statistics showing that their shipments had increased 300% each year in Latin America and 50% in Western Europe.
Samsung grew 15% in the period, making it the largest smartphone maker in the world, having a 19% overall global market share, 2% higher than Xiaomi. Apple’s growth, however, was only 1%.
Chinese company Oppo stands at number 4, with a 10% market share, and Vivo, another Chinese company ranks fifth, also having a 10% market share.
It is to be noted, however, that Xiaomi’s selling price is still valued 75% less than Apple’s selling prices, signifying that people in the global market still hold reservations about the brand as compared to Apple.
My Mother Didn’t Let Me Marry the Girl I Wanted, Atif Aslam
Prime Minister Imran Khan Shows Reality to Afghan President
Stay tuned to Baaghi TV for the latest news and updates!
