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China's Xiaomi Overtakes Apple In the Global Smartphone Market

Friday July 16, 2021. 10:30 PM , from Slashdot
Chinese smartphone maker Xiaomi was the second-largest smartphone maker in the second quarter, overtaking Apple, according to analyst firm Canalys. CNBC reports: Xiaomi had a 17% share of global smartphone shipments, ahead of Apple's 14% and behind Samsung's 19%. 'Xiaomi is growing its overseas business rapidly,' Canalys research manager Ben Stanton said in a press release, noting shipments increased 300% year on year in Latin America and 50% in Western Europe. The Chinese smartphone maker posted year-on-year smartphone shipment growth of 83% versus 15% for Samsung and 1% for Apple. Stanton noted, however, that Xiaomi phones are still skewed toward the mass market, with the average selling price of its handsets 75% cheaper than Apple's.

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