According to the Canalys report, in the second quarter of this year, Xiaomi became the second-largest smartphone company in the world, overtaking Apple. In just one quarter, Xiaomi was able to increase smartphone shipments by 83%. For comparison: Oppo showed the second-largest increase, and it was only 28%.
Xiaomi now has 17% of the market. Samsung is still number one with 19% of the market, while Apple now has 14%. Ben Stanton, the analyst at Canalys, notes that the average selling price of Xiaomi smartphones is 40% lower than Samsung and 75% lower than Apple. This clearly contributes to increased supply as well as increased market demand. During the second quarter, Xiaomi was able to significantly increase the supply of the flagships of the Mi 11 line: by 300% in Latin America, by 150% in Africa and by 50% in Eastern Europe.
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