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Xiaomi outpaces Samsung in China to become first in market share

Xiaomi moves to top in market share in China thanks to good products and pricing according to analysts (KRX:005935)

| Business, Financial & Legal News | Posted: Aug 5, 2014 10:28 am

Xiaomi is a Chinese smartphone vendor that has been offering its wares on the Chinese market and in other places. The company has been fighting to get to the top of the smartphone market and has made a significant increase in sales to overtake Samsung in China. By surpassing Samsung's numbers, Xiaomi has become the largest smartphone vendor in the Chinese market.

 

TweakTown image news/3/9/39476_1_xiaomi_outpaces_samsung_in_china_to_become_first_in_market_share.jpg

 

The stats for the quarter come from research firm Canalys, and the firm says that Xiaomi saw its market share in Q2 increase to 14%. Behind Xiaomi were three major smartphone manufacturers that all tied for second spot with 12% market share each including Samsung, Lenovo, and Yulong.

 

Xiaomi increased its market share considerably between Q1 and Q2, in Q1 the company held 10.7% of the market while Samsung had 18.3%. In the same quarter a year ago, Xiaomi held only 5% market share. Analysts point to high quality products and aggressive pricing for the impressive growth.

NEWS SOURCES:Blogs.wsj.com

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