Streaking Market Share, Xiaomi Be Third Largest Smartphone Manufacturer in the World

Xiaomi Third Largest Smartphone ManufacturerXiaomi successfully recorded positive results in the third quarter of 2014. In a report released two different research institutes (IDC and Strategy Analytics), Xiaomi successfully become the third largest Smartphone manufacturer in the world, behind Samsung and Apple

IDC reported that during the third quarter of 2014, Xiaomi has shipped 17.3 million Smartphones worldwide. This figure represents a 5.3% market share. When compared with the third quarter of 2013, the results achieved Xiaomi this time increased by more than double, or exactly 211% of the share of 2.1% in the past year.

A report from Strategy Analytics is not much different. Xiaomi recorded shipped 18 million units of Smartphones and won a 5.6% market share. When compared with the previous quarter (Q2 2014), this achievement gained 0.5%.

However, most of the top smart phone manufacturers are experiencing a positive trend in the third quarter of 2014 compared to the second quarter of 2014. In the first position, the Samsung still leads with 79.2 million units shipped, up from the figure of 74.5 million units of mobile phones in the second quarter. However, its market share dipped from 25.2% to 24.7%.

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In the second place, there is Apple with shipments of 39.3 million units, equivalent to a 12.3% market share. This figure is up from 35.2 million units of shipments and share of 11.9% in the previous quarter.

However, there are differences in the fourth and fifth positions in the IDC and Strategy Analytics report. IDC puts Lenovo and LG in fourth and fifth (but with differences in market share of thin, only 1%), while Strategy Analytics thrusting LG and Huawei name.

Overall, there were 327.6 million Smartphones were shipped in the third quarter of 2014, increased by 25.2% than last year and grew by 8.7% than the previous quarter.

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“We finally reached the point where the Smartphone market in many developed countries grew only one digit, while in developing countries, growth is still able to reach 30%. This proves there is still room for cell phone manufacturers to compete, both in the lower classes as did Lenovo, upscale like Xiaomi strategy, or in both segments like the way LG, “said Ryan Reith and Ramon Llamas (IDC study team member).

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