In just four years after it was established, Chinese smartphone maker Xiaomi has become world’s third largest smartphone maker of world. Market research company IHS iSuppli published a report about this.
Xiaomi has replaced Huawei to get third spot. Xiaomi sold 19 million smartphones in third quarter of 2014. On other hand, Huawei fell short by selling only 16.8 million smartphone in the same time period.
If we talk about Xiaomi, it sold 5.7 million smartphone back in 2012 and 18.7 million smartphone in 2013. But year 2014 is a big year for the company. It managed to sell 11 million in first quarter and 15.1 million in second quarter of the year. Third quarter was even bigger with 19 million smartphone sales.
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In last quarter of the year, IDC reported Huawei has third largest smartphone maker. But Xiaomi has managed to outrank Huawei by its strong sale in India. In India, it created lots of buzz with its Mi3, Redmi 1s and powerbank.
Back in September this year, strategy analytics claimed Xiaomi to be fifth largest smartphone firm. In just 3 months, the Xiaomi managed to get the third spot. Singapore, India and Hong Kong are the three new markets for Xiaomi where it managed to get successful launch. With high end smartphone at aggressively low price, Xiaomi managed to become the top choice of consumers in these countries.
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China’s Lenovo is also growing fast in smartphone market. It acquired Motorola earlier this year for $2.9 billion. Transition will be completed by the end of the year. After this, Lenovo will also have some good numbers to show.
Competition in China is getting more and more tough with Huawei, Lenovo and Xiaomi. Gionee is also trying its best to get more market share with its high end smartphones. Meizu and OnePlus also also good competitors who have good future in but have very less share at this moment.
