The champagne is popping over at Xiaomi headquarters as according to HIS iSuppli,
the company is now the third largest phone manufacturer. The analysts
reports that Xiaomi outpaced Huawei with a total of 19 million
smartphones shipped in Q3 2014. For the same period, Huawei managed to
sell 16.8 million smartphones.
Xiaomi's pace has been growing continuously over the past couple of
years. In 2012, it sold 5.7 million phones and 18.7 million in 2014
(note that these are full year numbers). This year it sold 11 million
and 15.1 million in Q1 and Q2 respectively.
The latest markets to welcome Xiaomi are Singapore, India and Hong
Kong. In India, the company has been quite active recently and with its
aggressive pricing it managed to not only raise awareness but also sell
quite a lot of Mi3 and Redmi Note smartphones.
Competition in China is getting more and more fierce with Huawei,
Lenovo and Xiaomi fighting for a better position in the market. Meizu
and OnePlus are also potent competitors, which are likely to offer even
more competitive products as time goes on.
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