Xiaomi becomes number two smartphone vendor for first time ever in Q2 2021
Shanghai (China), Bengaluru (India), Singapore, Reading (UK) and Portland (US) – Thursday, 15 July 2021
“Xiaomi is growing its overseas business rapidly,” said Canalys Research Manager Ben Stanton. “For example, its shipments increased more than 300% in Latin America, 150% Africa and 50% in Western Europe. And as it grows, it evolves. It is now transforming its business model from challenger to incumbent, with initiatives such as channel partner consolidation and more careful management of older stock in the open market. It is still largely skewed toward the mass market, however, and compared with Samsung and Apple, its average selling price is around 40% and 75% cheaper respectively. So a major priority for Xiaomi this year is to grow sales of its high-end devices, such as the Mi 11 Ultra. But it will be a tough battle, with Oppo and Vivo sharing the same objective, and both willing to spend big on above-the-line marketing to build their brands in a way that Xiaomi is not. All vendors are fighting hard to secure component supply amid global shortages, but Xiaomi already has its sights set on the next prize: displacing Samsung to become the world’s largest vendor.”
Worldwide smartphone shipments and growth |
||
Vendor |
Q2 2021 shipments (% share) |
Annual growth |
Samsung |
19% |
+15% |
Xiaomi |
17% |
+83% |
Apple |
14% |
+1% |
Oppo |
10% |
+28% |
Vivo |
10% |
+27% |
Note: percentages may not add up to 100% due to rounding Source: Canalys estimates (sell-in shipments), Smartphone Analysis, July 2021 |
*Preliminary estimates are subject to change upon final release.
For more information, please contact:
Canalys UK
Ben Stanton: ben_stanton@canalys.com +44 7824 114 350
Runar Bjørhovde: runa_bjorhovde@canalys.com +44 7787 290 115
Canalys China
Nicole Peng: nicole_peng@canalys.com +86 150 2186 8330
Amber Liu: amber_liu@canalys.com +86 136 2177 7745
Canalys India
Rushabh Doshi: rushabh_doshi@canalys.com +91 99728 54174
Sanyam Chaurasia: sanyam_chaurasia@canalys.com +91 89820 33054
Canalys Singapore
Shengtao Jin: shengtao_jin@canalys.com +65 6657 9303
Le Xuan Chiew: lexuan_chiew@canalys.com +65 9655 6264
Canalys USA
Brian Lynch: brian_lynch@canalys.com +1 650 927 5489
Marcy Ryan: marcy_ryan@canalys.com +1 650 862 4299
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