Xiaomi tumbled to second place in global smartphone shipments, benefiting Samsung; Apple's growth is only 1%

 Xiaomi tumbled to second place in global smartphone shipments, benefiting Samsung; Apple's growth is only 1%

Xiaomi tumbled to second place in global smartphone shipments, benefiting Samsung; Apple's growth is only 1%

    The top 5 companies have a market share of 70% of total smartphone shipments. Chinese companies have a 34% market share

Chinese company Xiaomi ranked second in global smartphone shipments in the second quarter of this year. Shaomi has lost its No. 1 position in global smartphone shipments between April and June, according to a report by market research firm Canalis. However, the company has seen a growth of 83% in the quarter. South Korean company Samsung topped the list with a market share of 19%.

According to Canalys, Samsung tops the list of top 5 companies with 19% market share. Xiaomi has a market share of 17%. This means that Xiaomi has lost its No. 1 position with 2% market share. Third on the list is tech giant Apple with a 14% market share. So Oppo and Vivo are in the top-5 with a market share of 10% -10%. There are 3 Chinese companies in the top 5 list. The top 5 companies have a market share of 70% of total smartphone shipments. Chinese companies have a 34% market share.

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Although Xiaomi is second with a loss of 2% market share, its annual growth rate is the highest at 83%. According to the report, it has seen growth in all of Xiaomi's businesses. Oppo has since grown by 28% and Vivo by 27%. In terms of growth, Chinese companies also won. Samsung's growth was 15%. Apple, which ranks third in market share, has only 1% growth. This means that Apple's growth is the lowest in the annual growth list of the top 5 companies.