China's Xiaomi overtakes Apple in the global smartphone market
GUANGZHOU, China — Chinese smartphone maker Xiaomi was the second-largest smartphone maker in the second quarter, overtaking Apple, according to analyst firm Canalys.
Xiaomi had a 17% share of global smartphone shipments, ahead of Apple's 14% and behind Samsung's 19%.
"Xiaomi is growing its overseas business rapidly," Canalys research manager Ben Stanton said in a press release, noting shipments increased 300% year on year in Latin America and 50% in Western Europe.
The Chinese smartphone maker posted year-on-year smartphone shipment growth of 83% versus 15% for Samsung and 1% for Apple.
Stanton noted, however, that Xiaomi phones are still skewed toward the mass market, with the average selling price of its handsets 75% cheaper than Apple's.
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