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3/25/21

Xiaomi's market share was 28% in 2020, the company sold more than 4 million smartphones; But globally Apple and Samsung sway

Xiaomi's dominance in India: Xiaomi's market share was 28% in 2020, the company sold more than 4 million smartphones; But globally Apple and Samsung sway




The company has been number one in shipments for the 13th consecutive time in the third quarter of 2020
Samsung ranked No. 1 in global smartphone shipments in the first 3 quarters and Apple No. 1 in the last quarter.



On the one hand, the sales of companies have declined in the Corona period. Some companies have even shut down their plants. In that, Xiaomi has managed to maintain its dominance. According to the company, it generated revenue of .7 37.7 billion (approximately Rs 2.74 lakh crore) last year. Its annual growth has been 19.4%. Its net profit has been 2 billion (approximately Rs 14.53 trillion).





In 2020, Xiaomi's smartphone revenue grew by 24.6% to 23 23.3 billion. The company has shipped 146.4 million (approximately Rs 14.64 crore) units of global smartphones. That's up 17.5% year-over-year. Xiaomi has benefited a lot from the Indian market. However sales were affected at the time of the whirlwind of protests over the Chinese product.

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The
Corona epidemic in 2020 may have put a brake on smartphone sales after the second quarter, but the festival and the last month of the year saw a surge in sales.





Xiaomi remains No. 1 in
India. The company has been number one in shipments for the 13th consecutive time in the third quarter of 2020. Its market share, meanwhile, stood at 24.7%. So the market share has been 30% during the first quarter of 2020 and 29% during the second quarter. More than 40 million smartphones were sold in India in 2020.



In June 2020, 20 Indian soldiers were killed by Chinese troops in the Galwan Valley of Ladakh. The country was then rocked by anti-China riots. The hashtag Boycott China was also trending on social media. However, Xiaomi maintained its dominance. It lagged behind Samsung with only 1% market share in the third quarter.

Apple and Samsung dominate global shipments
Last year, tech giant Apple and Korean company Samsung dominated global smartphone shipments. The company benefited tremendously from Apple's iPhone 12 series. However, Xiaomi topped the list of Chinese companies. Samsung topped the global smartphone shipments in the first 3 quarters and Apple in the last quarter.



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