China's Xiaomi rises to fifth place in smartphone rankings

Samsung's smartphone shipments are suffering because of competition from Chinese vendors

A banner advertising phones from Chinese handset maker Xiaomi

A banner advertising phones from Chinese handset maker Xiaomi

Xiaomi became the world's fifth-largest smartphone vendor in the second quarter, catapulted into the top five for the first time by its hit products in its home market of China, according to research firm Strategy Analytics.

The Chinese company grabbed a record 5.1 percent share of the global smartphone market, up from the 1.8 percent it held a year ago. This put it narrowly behind Chinese rivals Huawei Technologies and Lenovo, which ranked third and fourth, respectively, the research firm said Thursday.

Xiaomi only began selling smartphones three years ago, but it has quickly become a handset juggernaut in China, where it has risen to become one of the most popular vendors. Earlier this month, the company revealed it had sold 26.1 million phones in this year's first half, a year-over-year increase of 271 percent.

The company has succeeded partly by selling feature-packed phones at prices significantly lower than the competition. Its latest flagship phone, the Mi 4, is selling for 1999 yuan (US$324), less than half the price of Apple's iPhone 5s in China.

This year, the company plans to expand to ten foreign markets, including in Southeast Asia, India and Latin America.

Samsung Electronics maintained its leading position, with a 25.2 percent share. But this is down from the 32.6 percent it had in last year's second quarter as a result of tough competition from Apple at the higher end and from Chinese brands like Huawei at the lower end, Strategy Analytics said.

On the same day, Samsung said its net profit fell by about 20 percent year on year. It put some of the blame on increased competition from Chinese smartphone vendors, and slowing demand in Europe.

Apple, which was ranked second, held a 11.9 percent share, down year-over-year by 1.5 percentage points. The company is expected to launch bigger screen versions of its iPhones later this year.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags smartphonesAppleLenovoconsumer electronicsSamsung ElectronicsHuawei TechnologiesXiaomi

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Michael Kan

IDG News Service
Show Comments

Essentials

Brother MFC-L3745CDW Colour Laser Multifunction

Learn more >

Mobile

Exec

Sony WH-1000XM4 Wireless Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?