Xiaomi has surpassed Apple for the first time to become the world’s second-largest vendor by handset shipments.
According to the latest report from research firm Canalys, the smartphone brand had a 17 per cent share of global smartphone shipments, ahead of Apple’s 14 per cent and behind Samsung’s 19 per cent.
Xiaomi sales were up 3 per cent from the previous quarter lifted by its strong markets in Latin America, Africa and Europe.
“The company’s shipments jumped more than 300 per cent in Latin America, 150 per cent Africa and 50 per cent in Western Europe,” the report said.
Xiaomi’s growth continues to come primarily from budget-friendly devices, as it has struggled to make significant headway in the premium smartphone market.