Counterpoint: Xiaomi #1 in global smart phone sales for 1st time

Chinese smartphone maker Xiaomi surpassed Samsung and Apple in June 2021 after a 26% month-on-month increase in sales to become the number one smartphone brand in the world for the first time ever, according to Counterpoint Research’s monthly Market Pulse Service.

Xiaomi was also the number two brand globally for Q2 2021 in terms of sales, and cumulatively, has sold close to 800 million smartphones since its inception in 2011, the report underlined.

Research Director Tarun Pathak noted that Xiaomi has been on a war footing to fill the gap created by the decline of Huawei.

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

Senior Analyst Varun Mishra stated, “China’s market grew 16% MoM in June driven by the 618 festival, with Xiaomi being the fastest growing OEM, riding on its aggressive offline expansion in lower-tier cities and solid performance of its Redmi 9, Redmi Note 9 and the Redmi K series. At the same time, due to a fresh wave of the COVID-19 pandemic in Vietnam, Samsung’s production was disrupted in June, which resulted in the brand’s devices facing shortages across channels. Xiaomi, with its strong mid-range portfolio and wide market coverage, was the biggest beneficiary from the short-term gap left by Samsung’s A series.” the COVID-19 pandemic in Vietnam, Samsung’s production was disrupted in June, which resulted in the brand’s devices facing shortages across channels. Xiaomi, with its strong mid-range portfolio and wide market coverage, was the biggest beneficiary from the short-term gap left by Samsung’s A-series,” Mishra commented on Samsung’s performance.

Going forward, the market research firm expects Samsung’s production to be affected if the situation in Vietnam does not improve while Xiaomi will continue to gain share from the Korean brand.

Exhibit: Global Monthly Smartphone Sales Share Trends (%)

Global Smartphone Sales Share by Brands #XiaomiTops

Some of our other smartphone market analyses for Q2 2021:

Background:

Counterpoint Technology Market Research is a global research firm specializing in products in the TMT (Technology, Media and Telecom) industry. It services major technology and financial firms with a mix of monthly reports, customized projects and detailed analyses of the mobile and technology markets. Its key analysts are seasoned experts in the high-tech industry.

References:

Monthly Pulse: Xiaomi Becomes #1 Smartphone Brand Globally for First Time Ever

https://telecom.economictimes.indiatimes.com/news/xiaomi-pips-samsung-apple-to-become-worlds-top-smartphone-brand-in-june-2021-counterpoint/871362

 

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