Xiaomi trumps Apple in Q2 to become world’s No. 2 smartphone maker

FILE PHOTO: The Xiaomi logo is seen at a Xiaomi shop, in Shanghai, China May 12, 2021. REUTERS/Aly Song

Chinese smartphone maker Xiaomi Corp overtook Apple Inc in the second quarter to become the world’s No. 2 smartphone maker, market research firm Canalys said in a report on Thursday.

Xiaomi took the second spot for the first time with 17% share of worldwide smartphone shipments, up 3% from the previous quarter, according to the research firm.

Global smartphone shipments grew 12% in the second quarter, led by Samsung Electronics with a 19% share, and Apple at third place with a 14% share.

The average selling price of Xiaomi phones is about 40% to 75% cheaper compared with Samsung and Apple respectively, Canalys Research Manager Ben Stanton said, adding that a major priority for Xiaomi this year is to grow sales of its high-end devices.

The company’s shipments jumped more than 300% in Latin America, 150% Africa, and 50% in Western Europe, the report said.

Reuters

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.