After becoming the top vendor in China last year, Xiaomi has now entered the list of top smartphone vendors globally. According to market research firm TrendForce, Xiaomi stands proudly on the fourth spot behind Huawei, Samsung and Apple with 5.9 percent market share globally in second quarter of 2015. Also Read - Best laptops under Rs 40,000 in July 2021: Mi Notebook 14, Asus VivoBook 14, and moreAlso Read - Friendship Day gifting ideas for your young tech-savvy besties under Rs 5,000
Xiaomi climbed up from the sixth spot to the fourth spot in the second quarter due to great response for its January smartphone launches – Mi Note and Mi Note Pro. Furthermore, the rise of Xiaomi is mainly attributed to its aggressive expansion overseas especially in emerging markets like India where it has received a phenomenal response. Also Read - RedmiBook laptop launching on August 3, Mi Notebook-like design and colours teased
The company recently also announced that it managed to sell 35 million smartphones in the first half of the year, and aims at a shipment target of 100 million by the end of 2015. However, the report states that the company will not be able to achieve its 100 million target, and will sell about 70 million smartphones by the end of 2015.
Samsung continued its winning streak with 26.8 percent market share, followed by Apple at 16.4 percent. Chinese vendor Huawei managed to come in the third spot with 7.6 percent market share, while LG took the fifth spot with 5.8 percent.
Another thing worth noting is the decline in sales of Apple smartphones from the first quarter. While the first quarter saw Apple gaining 20.5 percent market share, the second quarter saw a drop to 16.4 percent.
The total number of smartphone shipments in the second quarter of 2015 grew only1.9 percent over the previous quarter to 304 million units.