Xiaomi Beats the iPhone, Becomes the World’s Largest Smartphone Company After Samsung
Chinese company Xiaomi has overtaken the world’s leading smartphone company Apple. According to a report by market research firm Canalys, Xiaomi sold more smartphones than Apple in the second quarter of 2021. By overtaking it, Xiaomi became the world’s number 2 smartphone maker after Samsung. Samsung Electronics continues to lead the way with a 19 percent share.
For the first time, Xiaomi has achieved a 17 percent share in terms of smartphone sales worldwide. With this, it has become the second-largest smartphone maker. Last quarter, Xiaomi had acquired 14 percent stake.
Looking at the worldwide smartphone sales data, smartphone sales grew by 12 percent in the second quarter. Samsung Electronics was at the forefront with 19 percent share and Apple came third with 14 percent share.
Ben Stanton, Research Manager, Canalys, said that Xiaomi, however, lags far behind Samsung and Apple in terms of the selling price. The average selling price of Xiaomi phones is about 40 percent to 75 percent cheaper than Samsung and Apple. The company’s sales grew by more than 300 percent in Latin America, 150 percent in Africa, and 50 percent in Western Europe, the report said.
Other Chinese companies Oppo and Vivo both accounted for 10 percent of global sales in the second quarter of 2021 and were ranked No. The report shows that Samsung at the top posted steady growth of 15 percent year-on-year in shipments. While Xiaomi’s global shipments grew by 83 percent.
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