For the first time, Xiaomi overtook Apple as the brand with the third-highest number of global smartphone shipments in Q3 2020. Its shipments for the period were around 46 million, marking a 46% YoY increase and 75% QoQ increase.
As a result, it took a 13% share of the market compared to Apple’s 11%. Apple’s shipments for the period totaled around 42 million, marking an 11% increase QoQ and a 7% drop YoY.

Xiaomi excelled in China with shipments increasing by 8% YoY and 35% QoQ. Moreover, it experienced rapid expansion in new markets like Europe, MEA and LATAM at Huawei’s expense.

In total, the top three smartphone brands (Samsung, Huawei and Xiaomi) sold around 177 million units in Q3 2020.

Notably, though, Xiaomi was the only major OEM to post positive growth in China in Q3 2020. Compared to Q3 2019, the Chinese smartphone market declined by 14%. There was a slight QoQ growth, however, at 6%.

According to the National Bureau of Statistics of China, the Chinese economy is on its way to recovery. In Q3 2020, it grew by 4.9% compared to a 6.8% contraction in Q1 and a mild 3.2% growth in Q2. However, domestic consumption remained relatively weak alongside a worsening unemployment rate. In September 2020, the jobless rate in the country’s urban areas increased by 0.2% while unemployment among college graduates rose by 4%.

Apple’s iPhone 11 was the best-selling smartphone model in China during the quarter, with a 55% market share. But due to the postponement of iPhone 12’s debut, Apple sales volume overall dropped by 7% YoY.

Huawei was the market leader in terms of market share, grabbing a 45% lead down from 46% in Q2 2020. Xiaomi posted significant growth, increasing its market share to 11% from 9% in Q2 2020.

Of the top 10 best-selling smartphones in the country, seven had 5G capabilities, six of them being Huawei models.

SOURCE:https://brandspurng.com/2020/11/09/xiaomi-overtakes-apple-with-13-market-share-75-upsurge-in-shipments/

Yep.. Saw this on TV today... Arise business report

Jdesilentkiller:
Yep.. Saw this on TV today... Arise business report

I like this ariseTV. They are really rising to be the best national TV station in Nigeria

Apple loyalists will strongly disagree with this

sagieramos:


I like this ariseTV. They are really rising to be the best national TV station in Nigeria

They are far better than channels television

What you expect, xiaomi release different varieties of phones in a year.

edoairways:
What you expect, xiaomi release different varieties of phones in a year.

Why is Tecno not there?
don't they also release different varieties of phones in a year.

chariisGRACE:


Why is Tecno not there?
don't they also release different varieties of phones in a year.

The global market doesn't consider Africa in their ratings. The population from Asia, Europe and American and Australia with the exception of Africa has been their measurement.

edoairways:

The global market doesn't consider Africa in their ratings. The population from Asia, Europe and American and Australia with the exception of Africa has been their measurement.

So you mean Xiaomi sell more than Apple in those continents abi

Kyase:

So you mean Xiaomi sell more than Apple in those continents abi

Of course they do. How do you think their shares supercede Apple

edoairways:

Of course they do. How do you think their shares supercede Apple

Good