Xiaomi Becomes World’s Third-Largest Smartphone Vendor in the World

Three models of China's Xiaomi Mi phones are pictured during their launch in New Delhi July 15, 2014. (PHOTO CREDIT: Reuters/Anindito Mukherjee/FILES)
Three models of China’s Xiaomi Mi phones are pictured during their launch in New Delhi July 15, 2014. (PHOTO CREDIT: Reuters/Anindito Mukherjee/FILES)

China’s Xiaomi Inc has become the world’s third-largest smartphone vendor just three years after first hitting the market, trailing only Samsung Electronics Co Ltd and Apple Inc, according to a new industry study.

Strategy Analytics said Xiaomi accounted for 6 percent of all 320 million smartphones shipped during July-September. Samsung made up 25 percent, down from 35 percent a year earlier due to rising competition from several directions.

Apple’s share also fell slightly to 12 percent.

“Xiaomi was the star performer,” Strategy Analytics Executive Director Neil Mawston said in a statement.

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SOURCE: Reuters
Gerry Shih

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