Xiaomi passes Apple to become the number two smartphone vendorWhat you need to know
Xiaomi has become the number two smartphone vendor in the second quarter of 2021.
Apple has dropped into third place.
Xiaomi has passed Apple and is coming for Samsung.
Xiaomi has surpassed Apple as the number two smartphone manufacturer in the world.
A new report from analytics firm Canalys reveals that Xiaomi has become the number two smartphone vendor in the world for the first time, surpassing Apple who is now in third place.
Canalys Research Manager Ben Stanton said that the company has experienced massive growth in a number of regions, attributing their success to the fact that their phones tend to be up to 75% cheaper than their competitors while offering similar features.
"Xiaomi is growing its overseas business rapidly ... For example, its shipments increased more than 300% in Latin America, 150% Africa and 50% in Western Europe. And as it grows, it evolves. It is now transforming its business model from challenger to incumbent, with initiati...
Source:
Xiaomi passes Apple to become the number two smartphone vendor
