Thursday, June 20, 2024

Xiaomi Is Now the Number One Smartphone Maker

Just weeks after knocking Apple off as the number two smartphone maker, Xiaomi has now overtaken Samsung for the number one spot.

Xiaomi has been making major moves in the smartphone industry. The company has benefited significantly from Huawei’s recent misfortunes, as the latter’s smartphone business has been sanctioned into near-oblivion.

According to Counterpoint Research, that has created an opening for Xiaomi to become the top smartphone maker worldwide.

“Ever since the decline of Huawei commenced, Xiaomi has been making consistent and aggressive efforts to fill the gap created by this decline,” noted Research Director Tarun Pathak. “The OEM has been expanding in Huawei’s and HONOR’s legacy markets like China, Europe, Middle East and Africa. In June, Xiaomi was further helped by China, Europe and India’s recovery and Samsung’s decline due to supply constraints.”

Samsung will have its work cut out to regain the top spot moving forward.

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