China\u2019s Xiaomi Corporation has become the world\u2019s second biggest smartphone producer, beating US rival Apple Inc by 3 percent in global shipments.<\/p>\n
Xiaomi landed a 17 percent share in global smartphone shipments in the second quarter of 2021, behind Samsung with 19%, a report from research agency Canalys revealed. Apple came in third, with a 14% share of the market.<\/p>\n
\u201cXiaomi is growing its overseas business rapidly,\u201d Canalys Research Manager Ben Stanton stated in a press release, noting Xiaomi shipments have soared 300% in Latin America and 50% in Western Europe, compared to last year.<\/p>\n
The report pushed the Chinese company\u2019s shares 4.1% higher in Friday\u2019s trading. Xiaomi\u2019s success comes from a recent 83% surge in the company\u2019s smartphone shipments, against a 15% increase for Samsung and only a 1% jump for Apple.<\/p>\n
In its push into the premium smartphone market, the producer of everything from robot-cleaners to electric tea-pots launched two flagship smartphones so far this year, with its Mi 11 Ultra offering one of the largest camera sensors ever installed in a smartphone. However, the average selling price of Xiaomi smartphones remains low compared to Samsung and Apple, which makes them increasingly attractive for consumers.<\/p>\n
\u201cCompared with Samsung and Apple, Xiaomi\u2019s average selling price is around 40% and 75% cheaper respectively. 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,\u201d the report concluded.<\/p>\n
Besides smartphones, Xiaomi is also testing other markets. Earlier this year the company set its eyes on launching an electric car business, and revealed plans to invest some $10 billion in the technology over the next decade.<\/p>\n","protected":false},"excerpt":{"rendered":"
China\u2019s Xiaomi Corporation has become the world\u2019s second biggest smartphone producer, beating US rival Apple Inc by 3 percent in global shipments. Xiaomi landed a 17 percent share in global smartphone shipments in the second quarter of 2021, behind Samsung with 19%, a report from research agency Canalys revealed. Apple came in third, with a […]<\/p>\n","protected":false},"author":2,"featured_media":204748,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-204744","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology"],"yoast_head":"\n