Xiaomi Becomes Fourth Largest Smartphone Vendor Globally, Overall Shipments Fall 2 Percent: Strategy Analytics

As a ripple impact, the significant growth from India and remarkable history from China are apparently serving to Xiaomi attain new ranges all throughout the globe. The Beijing-based firm, which filed for a Hong Kong initial public offering on Thursday to lift as excessive as $100 billion (roughly Rs. 6.66 lakh crores), has turn out to be the fourth largest smartphone maker worldwide by marking 125 p.c annual development, as per an trade report. This comes alongside the general drop in international smartphone shipments and notable contraction of Samsung that's presently competing towards Apple to guide the market.

The report, which comes by way of the most recent analysis from Technique Analytics, shows that whereas international smartphone shipments fell 2 p.c yearly from 353.eight million items within the first quarter of 2017 to 345.four million within the first quarter of 2018, Xiaomi reached the fourth spot - surpassing Oppo that slipped to the fifth place. The Chinese language firm, which is on the transfer to develop its retail footprint by launching new Mi Home shops and increasing partnerships with e-commerce firms resembling Flipkart and Amazon, is claimed to have shipped 28.three million smartphone items within the first quarter that resulted in a market share of eight.2 p.c. That is spectacular sufficient if we have a look at the market share of three.6 p.c reported within the first quarter of 2017. Oppo, however, shipped 24.1 million items in the identical quarter, with its market share declined from 7.eight p.c within the first quarter of 2017 to 7 p.c.

"Xiaomi's development soared 125 p.c yearly within the quarter, outperforming all its main rivals. Xiaomi is increasing like wildfire throughout Asia, significantly in India," stated Linda Sui, Director, Technique Analytics, in a press assertion. "Oppo slipped to fifth place, capturing 7 p.c international smartphone market share in Q1 2018, tumbling from eight p.c a yr in the past. Oppo has been hit laborious by Xiaomi's speedy retail enlargement and Huawei's much-improved Android machine portfolio."

Coming in the direction of the market leaders, Samsung made a comeback to the primary place after shedding prime spot to Apple within the previous quarterly report by Technique Analytics and captured a market share of 22.6 p.c with 78.2 million items shipped within the first quarter. Apple, in distinction, went again to the second place shipped 52.2 million items in the identical quarter and has a market share of 15.1 p.c. Huawei is sitting on the third place by transport 39.three million items and with a market share of 11.four p.c.

"Samsung is holding regular in its core markets of North America, Western Europe, and South Korea, however the firm is dealing with intense aggressive stress in China and India from rivals resembling Xiaomi. Apple grew an above-average three p.c yearly and shipped 52.2 million smartphones for 15 p.c market share worldwide in Q1 2018. Apple iPhone shipments have grown year-on-year in three of the previous four quarters. Apple's ultra-premium iPhone X is proving comparatively widespread in some markets like China and the US, whereas there stays scope for added enlargement in rising areas resembling India and Africa," stated Neil Mawston, Government Director, Technique Analytics.