Although Xiaomi's R&D investment still lags behind some leading mobile phone manufacturers such as Apple , Huawei and Samsung, the firm's sales are impressive since 2021.
The Canalys report shows that in Q2 2021, the global smartphone shipments were about 316 million units, with a month-on-month decrease of 9%. Among them, Xiaomi ranked second with shipments of 52.8 million units, showing a year-on-year growth of 83%. This is also the first time that the company ranked second in terms of shipments.
On August 5, a report released by Counterpoint Research, a data research firm, showed that in June 2021, Xiaomi's global mobile phone market share rose to 17.1%, surpassing Samsung (15.7%) and Apple (14.3%), ranking first in the world. Meanwhile, its mobile phone sales grew by 26%, making it the fastest-growing brand for the month.$XIAOMI-W(01810)$
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