Xiaomi overtook Apple and Samsung in June to become the world’s largest smartphone maker
Just last month, Chinese smartphone maker Xiaomi was up 4 percent in sales overtaking Apple in the second quarter to become the world’s second-largest smartphone maker. Back then, South Korea’s Samsung maintained its first position in the second quarter with a market share of 19%, ahead of Xiaomi’s 17% and Apple’s 14%, according to analyst firm Canalys.
Now in less than just a month, Xiaomi climbs to the number one position after a blowout sales report. Xiaomi’s sales grew 26% on-month, giving the company a 17.1% share of the total number of smartphones sold globally in June, according to a report from CNBC, citing data from Counterpoint Research.
This is just a one-month record. It’s uncertain if Xiaomi will be able to maintain this record as it still trailed behind Samsung as the world’s second-largest smartphone maker for the quarter that ended in June.
Founded in 2010 by Bin Lin, Chuan Wang, De Liu, Feng Hong, Guangping Zhou, Jiangji Huang, Jun Lei, and Wanqiang Li, Xiaomi manufactures and distributes mobile phones, laptops, home appliances, bags, shoes, and consumer electronics. The company also develops mobile applications.
In August 2011, Xiaomi released its first smartphone and has since then rapidly gained market share in China to become the country’s largest smartphone company in 2014. Xiaomi currently has 18,170 employees worldwide and offices in China, Singapore, Japan, South Korea, Russia, South Africa, Southeast Asia, and Europe.