According to the latest global report showing the top five smartphone company in the world, Xiaomi becomes the Second largest smartphone company in the world overtaken Apple.
The report from Canalys Research says that the Chinese company saw a massive 83 percent jump in shipments. Apple shifted to third place while Oppo and Vivo maintain 4th and 5th places respectively.
Samsung remained the leading smartphone brand globally with a 19 percent share in the second quarter of this year while Xiaomi managed to increase its market share to 17 percent in Q2 2021.
This is the first time Xiaomi is occupying this position since it existence in 2010. Huawei had briefly grabbed the second position, overthrowing Apple but soon after that, it started facing sanctions by the United States. The company eventually withdrew from the high-end premium phones market and Xiaomi rushed to fill the gap by launching smartphone switch top-of-the-line specifications and aggressive pricing.
The major reason why xiaomi grew to become the second largest smartphone company is that they offer high-end smartphones at an affordable price point.
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