Back in 2010, when Xiaomi was founded, the company in question was known solely as the Android developer behind the MIUI firmware. One year later and Xiaomi was already playing the smartphone game. At that time this may have seemed a bit far-fetched, but in just three years the company grew tremendously in popularity and is now the 3rd largest smartphone manufacturer in the world, followed by the likes of Lenovo, Huawei and even LG. This is only 5 months after the company beat Apple for the 3rd place in China.
The news came earlier today alongside impressive sell figures, so if you’re a Xiaomi fan or you simply wish to know more about the company’s progress over these past few years then you know the drill. Keep on scrolling for the full story after the break.
Xiaomi is Now the 3rd Largest Smartphone Manufacturer in the World
According to market researcher HIS iSuppli, Xiaomi managed to sell a whopping 19 million smartphones in Q3 2014, allowing it to become the world’s 3rd largest smartphone maker. Lenovo and LG’s sales are on the rise too, but they’re still lower than Xiaomi’s. Huawei – which was ranked 3rd in 2013 – lost its spot on the podium by selling 16.8 million smartphones in the third quarter of the year (2.2 million less than Xiaomi).
Xiaomi’s market presence increased tremendously on a yearly basis, and while the company sold 5.7 million smartphones throughout 2012, 18.7 million units were sold in 2013. In the first quarter of 2014 the company sold 11 million handsets, whereas 15.1 million smartphones were pushed on the market in the second quarter of the year, assuring the company’s ascension on the 5th place.
Although Xiaomi slowly began expanding its reaches to other markets such as Hong Kong, Singapore and India (where the first batch of Xiaomi Mi3 sold out in just a few seconds after release), researchers from Strategy Analytics say that out of the 15.1 million units sold in the 2nd quarter of the year, 14.6 million of them were shipped in China. Evidently, the company is extremely successful in its homeland, which also happens to be the largest smartphone market in the world. It remains to be seen if Xiaomi will continue to climb up through the ranks, especially since other Chinese companies are also starting to make a name for themselves.