China’s Xiaomi Corporation has become the world’s second biggest smartphone producer, beating USA rival Apple Inc by 3% in global shipments.

Xiaomi landed a 17% 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.

“Xiaomi is growing its overseas business rapidly,” 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.

The report pushed the Chinese company’s shares 4.1% higher in Friday’s trading. Xiaomi’s success comes from a recent 83% surge in the company’s smartphone shipments, against a 15% increase for Samsung and only a 1% jump for Apple.

In its push into the premium smartphone market, the producer of everything from robot-cleaners to electronic 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.

“Compared with Samsung and Apple, [Xiaomi’s] 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,” the report concluded.

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.

RT. com / ABC Flash Point Technology Innovation News 2021.

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JohnD5126
JohnD5126
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17-07-21 22:58

That is probably because they produce a product that works and, does not die ( forcing you to buy the latest version) every time they update the software…

APB
APB
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Reply to  JohnD5126
17-07-21 23:06

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Levin High
Levin High
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17-07-21 23:00

The US sanctioned Huawei out of number 1, now Xiaomi is now heading for number 1, the trouble with China is they don’t just have a monopoly player like the USA, they have many nimble competitors, all innovating, cut one down and many more spring up.

Wyoland
Wyoland
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Reply to  Levin High
17-07-21 23:01

Now the US regime will have to ask Canada to kidnap a relative of the founder of Xiaomi.

APB
APB
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Reply to  Wyoland
17-07-21 23:08

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APB
APB
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Reply to  Levin High
17-07-21 23:09

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Lile Delande
Lile Delande
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17-07-21 23:04

Sanctions and accusations will soon be coming the way of Xiaomi. Because you know, the ACCUSER, the preposterous US government accuses and sanctions rival companies outperforming it’s domestic brands. I wonder what Xiaomi will be accused of and sanctioned for.