According to a recently posted Q2 issue by research firm Canalis, a banner quarter for Geomi has helped the Chinese mobile company rank second in global smartphone shipments. It captured 83% year-over-year for the quarter and 17% of the global market, a pretty impressive growth for the company. Xiaomi ranks second globally behind Samsung by 19%. Apple is in third place with 14% (after slowing down its own strong growth rate), with fellow Chinese makers Oppo and Vivo collecting the top five goals at 10%.
Huawei is certainly nowhere to be seen among the top companies. This is a huge drop, as only a small portion of the blacklist has banned the company from certain markets (such as the United States) and blocked access to mobile products in the United States, including Google’s Android and various apps. Canalis cites aggressive prices as one of the biggest reasons for Shaomi’s success – especially in contrast to the premium price offers from Samsung and Apple.
Ben Stanton, research manager at the analyst firm, said in a statement: “With initiatives such as channel partner consolidation and more careful management of old stock in the open market, it is now transforming the business model from a challenger.” Ben Stanton, research manager at the analyst firm, said in a statement: “With initiatives such as channel partner consolidation and more careful management of old stock in the open market, it is now transforming the business model from a challenger.”
“While it is still leaning heavily towards the mass market, its average selling price is 40% and 5% cheaper aper than Samsung and Apple, respectively, so one of Xiaomi’s main priorities this year is to increase sales of high-end devices like the MI11 Ultra.” The agency is certainly not a family name in the states (the agency has taken its own issues here), but of late it has had particular success in Latin America, Africa, and Western Europe. It seems that there is still plenty of markets available to continue its expansion as it looks to take over Samsung, even Oppo and Vivo are hoping to continue their own rapid global growth.