Xiaomi Fastest Growing in Global Smartphone Shipments: Counterpoint

Xiaomi Fastest Growing in Global Smartphone Shipments: Counterpoint

With international smartphone shipments reaching a document 400 million models in the third quarter this 12 months, the highest 10 gamers have captured 75 p.c of the market, leaving only a quarter for the remaining over 600 manufacturers to compete in, new analysis mentioned on Friday.

According to Counterpoint Research’s “Market Monitor” service, international smartphone shipments grew 5 p.c (Year-on-Year) in the third quarter.

Chinese manufacturers Xiaomi, Vivo, Oppo, and Huawei remained the quickest rising smartphone manufacturers. Samsung, Apple, and LG additionally confirmed progress through the quarter.

“The global smartphone market continues to grow in single digits driven by growth in emerging markets. In such a scenario, we have seen key hardware differentiators proliferate to lower price points at much faster rates,” mentioned Jeff Fieldhack, Research Director at Counterpoint Research, in an announcement.

“In addition, the increasing share of leading brands is putting additional pressure on smaller brands which can lead to consolidation in some of the OEM-crowded regions going forward,” he mentioned.

Apart from China, India and South-East Asia is quick changing into the following battleground for these Chinese manufacturers. A Chinese model holds a high 5 rating in every of those markets.

“During the quarter, the leading smartphone players grew faster in international markets than domestic markets. This indicates that leading smartphone players are now gearing up to target higher price points in a bid to position their devices as quality products in the minds of the consumers,” famous Research Analyst Shobhit Srivastava.

Samsung led the smartphone market by quantity with a market share of 20.6 p.c in Q3 2017. Its smartphone shipments recorded a progress of 9 p.c yearly through the quarter.

Apple shipments grew three p.c yearly in Q3 2017, reaching 46.7 million models globally.

Xiaomi emerged because the quickest rising model YoY (over 81 p.c) pushed by sturdy gross sales in each China and India. Xiaomi was additionally the quickest rising model in each China and India through the quarter. Xiaomi shipped 28 million smartphones, capturing 7 p.c market share in Q3 2017.

Adapted From: Gadgets360

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