(Reuters) – Chinese smartphone maker Xiaomi Corp overtook Apple Inc in the second quarter to become the world’s No. 2 smartphone maker, market research firm Canalys said in a report on Thursday.
Xiaomi took the second spot for the first time with 17% share of worldwide smartphone shipments, up 3% from the previous quarter, according to the research firm.
Global smartphone shipments grew 12% in the second quarter, led by Samsung Electronics with a 19% share, and Apple at third place with a 14% share.
The average selling price of Xiaomi phones is about 40% to 75% cheaper compared with Samsung and Apple respectively, Canalys Research Manager Ben Stanton said, adding that a major priority for Xiaomi this year is to grow sales of its high-end devices.
The company’s shipments jumped more than 300% in Latin America, 150% Africa and 50% in Western Europe, the report said.
Xiaomi Corp in March this year reported a 36.7% rise in fourth-quarter net profit, as its major Android rival Huawei steadily retreats from the global market due to US-led sanctions.
Anticipating the opportunity, Xiaomi and other Android-based smartphone makers ramped up production of their devices towards the end of last year.
(Reporting by Radhika Anilkumar in Bengaluru; editing by Vinay Dwivedi)
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