Xiaomi grabs smartphone marketshare in third quarter as Huawei wobbles - data

Xiaomi grabs smartphone marketshare in third quarter as Huawei wobbles - data

Reuters  | Oct 30, 2020 02:56

Xiaomi grabs smartphone marketshare in third quarter as Huawei wobbles - data

SHANGHAI/SINGAPORE (Reuters) - Chinese smartphone maker Xiaomi Corp (HK:1810) grabbed market share in China and Europe in the September quarter as rival Huawei Technologies' dominance slipped due to U.S. sanctions, market data showed.

Xiaomi took third spot on the global leaderboard. It sold 47.1 million handsets in the third quarter, a 45% surge from a year earlier, according to market research firm Canalys.

The global smartphone market contracted 1% year-on-year in July-September with shipments down to 348 million units, but rose 22% from the pandemic-pummeled second quarter.

Samsung Electronics (LON:0593xq) Co Ltd (KS:005930) regained the top spot, helped by sales in India, where Chinese brands suffered due to political tensions.

Huawei slipped to number two globally, and Apple (O:AAPL), which only launched the new iPhone earlier this month, took the number four spot in the September quarter.

Still, the iPhone 11 was the quarter's best-selling phone in China despite having no 5G technology, market research firm Counterpoint said in a note on Thursday.

The iPhone 12 release timing drove down Apple's sales in Greater China by 29% in the September quarter, the company said on Thursday. It expects to return to growth in China in the current quarter.

In China, Xiaomi was the only brand that recorded growth, according to Counterpoint, with sales up 8% year-on-year. The overall Chinese smartphone market continued to shrink, with shipments falling 14%.

"Xiaomi executed with aggression to seize shipments from Huawei," Canalys analyst Mo Jia said in a note on Friday. In Europe, Huawei's shipments slumped by a quarter while Xiaomi's jumped 88%, he said.

"Xiaomi took a risk setting high production targets, but this move paid off when it was able to fill channels in Q3 with high-volume devices, such as the Redmi 9 series."

Huawei's future is uncertain as restrictions imposed on the company by the U.S. crimp its supply of chips.

Richard Yu, CEO of Huawei's consumer business, has said the firm would no longer be able to produce its high-end line of Kirin chipsets starting September.

© Reuters. FILE PHOTO: People wearing protective face masks visit Xiaomi brand's store in Kyiv

Latest comments

Add a Comment
Please wait a minute before you try to comment again.
Veijo Sinerva
Veijo Sinerva

Xiaomi is far better than an iPhone and also cheaper. Sony is far better and cheaper as well. iPhone is basically there if you want to give money away to America  ... (Read More)

Nov 01, 2020 22:16 GMT· Reply
Veijo Sinerva
Veijo Sinerva

iPhone is overpriced  ... (Read More)

Nov 01, 2020 22:15 GMT· Reply
Veijo Sinerva
Veijo Sinerva

iPhone is a rip off!I would buy Xiaomi any day before an iPhone. However, currently I use Sony - the only smartphone with eye autofocus on the camera  ... (Read More)

Nov 01, 2020 22:14 GMT· Reply
Anu Czen
Anu Czen

iPhone 11 is the best selling phone in China??? where you get this fake stat?   ... (Read More)

Oct 30, 2020 08:08 GMT· Reply
Write a reply...
Please wait a minute before you try to comment again.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

English (USA) English (India) English (Canada) English (Australia) English (South Africa) English (Philippines) English (Nigeria) Deutsch Español (España) Español (México) Français Italiano Nederlands Português (Portugal) Polski Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 简体中文 繁體中文 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी
Sign out
Are you sure you want to sign out?
Saving Changes


Download the Investing.com App

Get free real time quotes, charts and alerts on stocks, indices, currencies, commodities and bonds. Get free top of the line technical analysis/predictors.

Investing.com is better on the App!

More content, faster quotes and charts, and a smoother experience is available only on the App.