News Shares Technology

Xiaomi Swipes Smartphone Marketshare in Q3


Chinese smartphone maker Xiaomi (OTC:XIACF) Corp grabbed share of the market in China and European countries within the quarter as competing Huawei Technologies’ dominance slipped due to U.S. sanctions, market data revealed.

Xiaomi took 3rd spot on the leaderboard that is global. It sold 47.1 million devices into the quarter that is third a 45% surge from the year earlier, according to promote research company Canalys.

The worldwide smartphone market contracted 1% year-on-year in July-September with deliveries right down to 348 million devices, but rose 22% from the pandemic-pummeled quarter that is second.

Samsung Electronics (OTC:SSNLF) Co Ltd regained the spot that is top assisted by sales in India, where Chinese brands suffered due to governmental tensions.

Huawei slipped to number two globally, and Apple (NASDAQ:AAPL), which just established the iPhone that is brand new this thirty days, took the number four spot within the September quarter.

Nevertheless, the iPhone 11 ended up being the quarter’s best-selling phone in China despite having no technology that is 5G market research firm Counterpoint stated in an email on Thursday.

The iPhone 12 release timing drove down Apple’s product sales in Greater China by 29% in the quarter, the company said on Thursday. It expects to go back to development in China within the quarter that is present.

In Asia, Xiaomi was the brand that is only recorded development, according to Counterpoint, with sales up 8% year-on-year. The overall smartphone that is chinese continued to shrink, with shipments dropping 14%.

“Xiaomi executed with aggression to seize deliveries from Huawei,” Canalys analyst Mo Jia stated in a note on Friday. In Europe, Huawei’s shipments slumped with a quarter while Xiaomi’s jumped 88%, he said.

“Xiaomi took a risk setting production that is high, but this move reduced when it was able to fill channels in Q3 with high-volume products, like the Redmi 9 series.” Chinese smartphone maker Xiaomi (OTC:XIACF) Corp revealed a startling revelation earlier.

Huawei’s future is uncertain as limitations imposed regarding the ongoing company by the U.S. crimp its way to obtain chips.

Richard Yu, CEO of Huawei’s consumer business, has said the firm would not be able to produce its line that is high-end of chipsets starting September.


Billy Houghton

Billy Houghton is a top acclaimed and sought-after commodities futures trading expert. The expertise and in-depth level of analysis that is offered by Billy Houghton is what has managed to put him at the stage of being the top ranked author for MetaNews among multiple different categories. Throughout his career, Billy has specifically spent over three decades on Wall Street fine-tuning his skills, which included over two decades at a trading desk. In more recent times, specifically the last decade, Billy has been researching algorithms of AI in futures trading, and believes they are the future of trading.
Follow Me:

Related Posts