444.7m apple xiaomi
Chinese electronics giant Xiaomi has recently overtaken Apple to become the world’s fourth largest smartphone maker, according to the latest figures released by market research firm IDC. The company’s sales during the third quarter of 2017 reached a staggering 444.7 million, up from 408.8 million the previous quarter.
Xiaomi’s success is largely attributed to its ability to offer premium-quality smartphones that are significantly cheaper than Apple’s products. For instance, the company’s flagship Mi 6 smartphone, released in April 2017, is priced at around $360, while Apple’s iPhone X is more than double the price.
Xiaomi has also made significant strides in the Indian market. The company’s Redmi 4A is the most popular smartphone in the country, with more than 8 million units sold in the first quarter of 2017 alone. This is more than double the number of iPhones sold during the same period.
Xiaomi’s success has been a huge surprise to many, especially given the company’s relatively short history. Founded in 2010, the company has experienced exponential growth over the past seven years and is now a major player in the global smartphone market.
The company’s success is also due to its aggressive marketing and expansion strategies. Xiaomi has opened numerous retail stores in the past year in important markets such as India, Indonesia, and Russia. The company has also secured significant investments from companies such as Google, Goldman Sachs, and Qualcomm.
Xiaomi’s success has been a major blow to Apple, which has seen its market share dip from 18.3 percent in 2016 to 14.7 percent in 2017. Apple is now the fifth largest smartphone maker in the world, behind Xiaomi, Samsung, Huawei, and Oppo.
It remains to be seen how Apple will respond to Xiaomi’s success. The company is expected to launch its iPhone X in more countries later this year and has already announced plans to manufacture its products in India. Apple is also widely rumored to be launching a cheaper iPhone model in 2018.
Only time will tell whether Apple can regain its position as the world’s top smartphone maker. For now, it appears that Xiaomi is firmly in the lead with its impressive sales of 444.7 million during the third quarter of 2017.
FAQ
Q: What caused Xiaomi to become the fourth-largest smartphone maker?
A: Xiaomi’s success is largely attributed to its ability to offer premium-quality smartphones that are significantly cheaper than Apple’s products. Additionally, Xiaomi has made significant strides in the Indian market, with its Redmi 4A being the most popular smartphone in the country.
Q: How has Xiaomi achieved its success?
A: Xiaomi’s success is due to its aggressive marketing and expansion strategies, as well as investments from companies such as Google, Goldman Sachs, and Qualcomm. The company has opened numerous retail stores in the past year, and has secured significant investments from major companies.
Q: How has Apple been affected by Xiaomi’s success?
A: Apple’s market share has dipped from 18.3 percent in 2016 to 14.7 percent in 2017, making it the fifth largest smartphone maker in the world. Apple is now behind Xiaomi, Samsung, Huawei, and Oppo.
Q: What are Apple’s plans for regaining its position as the top smartphone maker?
A: Apple is expected to launch its iPhone X in more countries later this year, and has already announced plans to manufacture its products in India. The company is also rumored to be launching a cheaper iPhone model in 2018.
Conclusion
In conclusion, Xiaomi’s success in overtaking Apple as the fourth largest smartphone maker is due to its ability to offer premium-quality products at a much lower price point than Apple. The company’s aggressive marketing and expansion strategies, as well as investments from major companies, have helped it achieve its success. Apple has been significantly affected by Xiaomi’s success and is now the fifth largest smartphone maker in the world. It remains to be seen how Apple will respond to Xiaomi’s success, with the company expected to launch more products and enter more markets in the near future.
