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Friday, February 23, 2024

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Xiaomi Trumps Apple To Become World’s No. 2 Smartphone Maker

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On Thursday, Chinese smartphone maker Xiaomi Corp overtook Apple Inc to become the world’s No. 2 smartphone maker. For the first time, it took 17% share of worldwide smartphone shipments.

Global smartphone shipments have increased by 12% during the second quarter with Samsung Electronics with 19% share and Apple at third with a 14% share. These results due to a cheaper price for the phones. The average selling price of Xiaomi phones is 40% to 75% cheaper than Samsung Electronics and Apple respectively.

Thus, the company’s shipments increased by more than 300% in Latin America, 150% in Africa and 50% in Western Europe.

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