The effects of the pandemic and recent proceedings of Huawei’s US sanctions have created change in the market share among various smartphones. Huawei has lost its spot in the top five for the first time in years. The past months have also witnessed an unsettling tendency in the smartphone market. According to a report by the research firm Canalys, Xiaomi has taken the spot of Huawei in the second quarter of 2021, thereby becoming the world’s second-largest smartphone manufacturers in the world.
This is a wonderful feat achieved by the company. The success of the company owes to the affordable range of phones. People tend to buy such phones during a time when the economy is under fluctuations. This is also without even entering the US market while markets in places like Latin America, Africa, and Europe have embraced its smartphones.
The numbers show extensive growth in its shares. It has been analyzed that Xiaomi’s shipments grew up by 83% in Q2 of 2021. It also poses a threat to Samsung which is sitting ahead of them only by a difference of 1% in their market share.
However, we cannot argue that Xiaomi could comfortably sit in the second spot. Competition from the companies just below them including Apple, OPPO, and Vivo is not something that it can easily fight off.
