Xiaomi has overcome a new barrier and entered the top three in the global smartphone market, according to new estimates by Canalys, IDC, and Counterpoint.
According to Canalys, Xiaomi shipped over 47.1 million devices in Q3 2020, with a 13.5 percent market share and 45% annual growth.
Wen Ou, Head of Western Europe at Xiaomi comments: “Despite the impact of COVID-19 in the first half of 2020, Xiaomi’s diversified product ecosystem has continued to grow, illustrating its business resilience. We firmly believe that no matter what, the pursuit of technological innovations will always be the prerequisite for Xiaomi’s competitiveness; offering amazing products at accessible and honest prices is an evergreen strategy throughout economic cycles; and making the coolest products is inherent to our engineering culture. These three principles guarantee Xiaomi’s high-quality growth ahead, and are our manifesto for the next decade.”
IDC specialists and Counterpoint also announced Xiaomi’s entry in the top three in the global ranking. According to IDC, Xiaomi delivered 46.5 million units in Q3 2020, with a market share of 13.1% and an annual increase of 42 percent.
Counterpoint reported that Xiaomi delivered 46.2 million units and recorded a market share of 13% in Q3 2020. It is an increase of 75 percent compared to the previous quarter and the year-over-year growth is 46 percent.