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Xiaomi Now Holds the ‘World’s Third-Largest Smartphone Maker’ Tag

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Xiaomi Now Holds the ‘World’s Third-Largest Smartphone Maker’ Tag

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Despite being in controversies regarding privacy concerns, Xiaomi, the Chinese handset maker, has become the world’s third-biggest smartphone maker. According to the recent report by International Data Corporation (IDC), the smartphone maker has tripled the shipments since last year.

Also, it’s the first time Xiaomi has made it to the list of top 5 smartphone makers in the world, released by IDC. The company is trailing behind Samsung, who despite witnessing a steep fall in shipment from last year, still leads the race followed by Apple in the second position.

It is to be noted that Xiaomi’s focus on China and the neighbouring markets like Southeast Asia helped boost Xiaomi into the top 5 by resulting in triple-digit year-over-year growth in the third quarter of 2014. According to IDC,  the launch of Xiaomi’s flagship phone MI4, which is meant to compete against Samsung’s Galaxy S5 and Apple’s iPhone in August, was the key to its success.

Xiaomi Redmi 1s Unboxing 16

Although, the company has made a mark in China and its adjacent markets, it is still unclear how well it will fare in other markets where it faces greater competition from already established smartphone giants – Samsung and Apple. The report illustrates that while Samsung (24.7 percent) and Apple (12.3 percent) still dominate, LG’s recent popularity and increasing sale has also moved it to fourth.

“Despite rumors of a slowing market, smartphone shipments continue to see record-setting volumes. We’ve finally reached a point where the most developed markets are experiencing single-digit growth while emerging markets are still growing at more than 30 percent collectively,” said Ryan Reith, Program Director with IDC’s Worldwide Quarterly Mobile Phone Tracker.

While Samsung remained the world’s leading smartphone maker, IDC said it was the only company in the top 5 to see shipment volume decline year-over-year. Meanwhile, Apple’s latest iPhone 6 and iPhone 6 Plus pushed Apple to its largest third-quarter shipment ever.

The report reveals that Apple has sold close to 10 million units during their first launch weekend of the new smartphones and also continued to sell previous generation iPhone 5s and 5c in large numbers, which made up the bulk of Apple’s volume for the quarter.

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About The Author
Parul Ritvik Sood
Parul Ritvik Sood
iGyaan Network's newbie, Parul is a Writer, Poet, Reader and Mass Communication Graduate with great interest in startups and entrepreneurship.