Canalys agency, which is active in researching and analyzing global markets, has recently published a report on the smartphone market in the third financial quarter. It is stated in this report that the smartphone market has decreased by 9% compared to the same quarter of the previous year. In this way, the financial quarter of this year became the worst financial quarter since 2014.
As stated in this report, Samsung is still the undisputed king of the global smartphone market with a 22% market share. Apple is still following the Korean company with 18% and Xiaomi has a 14% share of the smartphone market. In the next ranks are two other Chinese companies; Oppo and Vivo have ten and nine percent of the market respectively.
According to Xiaomi’s latest financial report, the company has increased its market share in Europe, Latin America, Southeast Asia, the Middle East, Africa and a number of other regions. The Chinese are among the top three exporters of smartphones in 55 countries and among the top five exporters in 64 other countries.
Xiaomi has a 21.7% share of the market in Europe and is the second company with the largest share of this market. In August this year, this company was able to rank 266 among the top 500 companies in the world.
Of course, many experts still believe that if the issues that arose between China and America did not affect Huawei and the sanctions did not stop the growth and development of this company, maybe today even the position of Apple and Samsung in the global smartphone market would be The danger was over.