It's only behind Samsung in worldwide sales.
Chinese company Xiaomi took 17% of worldwide smartphone shipments for the second quarter of 2021, behind Samsung's 19%, Canalys said in a report published on Thursday. Compared with the same period in 2020, Xiaomi's shipments jumped more than 80%.
“Xiaomi is growing its overseas business rapidly. All vendors are fighting hard to secure component supply amid global shortages, but Xiaomi already has its sights set on the next prize: displacing Samsung to become the world's largest vendor"
analyst firm 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.
While Samsung held onto the top spot in the second quarter, Xiaomi appears to be rapidly gaining traction. The Beijing-based company’s worldwide shipments increased by 83 percent year-over-year, compared to 15 percent at Samsung and a paltry 1 percent at Apple.
This is not the first time a Chinese phone maker has overtaken Apple. Huawei had in 2018 more sales than Apple.
Xiaomi has benefitted from Huawei’s struggles. Huawei was once the largest smartphone player in the world, but U.S. sanctions cut the Chinese company off from critical supplies including software and chips, causing its sales to plunge.
The company also got a big boost from an improving global economy, Canalys added. The vaccine rollout has brought some countries closer to normalcy, and people are spending more money again. In the second quarter of 2021, global smartphone shipments increased 12%, the research firm said.