Xiaomi now level with Samsung at top slot in smartphones in Q3: IDC - News Summed Up

Xiaomi now level with Samsung at top slot in smartphones in Q3: IDC


IDC says that both had similar volumes, basis which market shares have been calculated.Xiaomi’s highest ever shipments in a quarter comes on the back of success of its entry to mid-level portfolio, owing to which three of the top five selling phones in the three-month period belonged to the company. Jain said Xiaomi was adding capacity in existing plants of its manufacturing partner Foxconn in India, in order to meet rising demand for its devices.“We’re on track to be more than double of the revenue we did in 2016,” Jain highlighted, added. The company clocked $1 billion in revenue last year ended December. But the competition hasn’t eased up. The top five brands make up 75% of the market, and new ones have entered the market with feature phones.Jain, however added that 4G featurephones were more of an opportunity than that.


Source: Economic Times November 14, 2017 08:48 UTC


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