Huawei Has Reportedly Toppled The Dominant Xiaomi In China

hw_277247

According to new research, Xiaomi has been unseated as the top smartphone maker in China by Huawei, a major setback for a company that has been referred to as the Apple of China.

Huawei Technologies Co, the world’s third-largest smartphone maker, has topped the Chinese list for the first time in its history as it saw sales increase by 81 percent year-on-year, according to figures from research company Canalys for the third quarter of 2015. Xiaomi, on the other hand, saw shipments shrink year-on-year as it failed to sustain the rapid growth it has experienced in the last few years.

Canalys tagged it as a remarkable feat by Huawei that is best known in its home country for its network equipment. Xiaomi’s decline puts the company under tremendous pressure to maintain its growth rate in other parts the world. The company saw a slide in the smartphone shipments for the third quarter compared to the corresponding quarter in2014, which is the first time such a thing happened to Xiaomi.

Huawei too became the top smartphone company in China for the first time as it saw third-quarter shipments for its smartphones increase by 81 percent compared to the third quarter of 2014.

Xiaomi caught the world’s attention through its hiring of former Google executive Hugo Barra to help it expand overseas, has grown rapidly in China. The company was outselling Apple in China at the time, which it was able to do so through sales of cheaper smartphones with high-end features and specifications online, and by taking advantage of social media.

However, with the maturing of China’s smartphone market, Xiaomi seems to be losing its momentum in its home country and local players like Huawei and ZTE, another network vendor that once sold low-end devices, have been moving up the charts.

Huawei, which once sold mainly low-end handsets, jumped to the top of the market with devices such as the P8 and the Mate S.

Canalys did not release the market shares of the smartphone companies operating in China, including how well or bad Apple is operating. According to the research company, a more detailed third-quarter report will be released later in the month.

China remains the largest smartphone market in the world, with almost 100 million smartphones sold in the year’s first quarter. However, its growth has seen a decline this year, for the first time in a period of six years.

Avatar
Carrie Ann
Carrie Ann is Editor-in-Chief at Industry Leaders Magazine, based in Las Vegas. Carrie covers technology, trends, marketing, brands, productivity, and leadership. When she isn’t writing she prefers reading. She loves reading books and articles on business, economics, corporate law, luxury products, artificial intelligence, and latest technology. She’s keen on political discussions and shares an undying passion for gadgets. Follow Carrie Ann on Twitter, Facebook & Google.

Recent Posts

Food Stocks to Lookout for in 2021

Food Stocks to Lookout for in 2021

The COVID-19 pandemic has seen a resurgence in recent weeks and talks of normalcy are still far away, even with the vaccinations. For invest...
11 hours ago
Big Three Credit Agencies: Who are they?

Big Three Credit Agencies: Who are they?

Credit rating agencies are risk assessment firms that provide ratings on the creditworthiness of bonds and other debt instruments. Investor...
11 hours ago
Pat Gelsinger takes over Intel, expected to focus on manufacturing and execution

Pat Gelsinger takes over Intel, expected to focus on manufacturing and execution

Pat Gelsinger, the ex-chief technology officer of Intel, will be taking over the reins at the chip-making tech company Intel on February 15 ...
12 hours ago
Netflix gets overweight rating from analysts for 4th quarter

Netflix gets overweight rating from analysts for 4th quarter

Netflix will report fourth-quarter earnings Tuesday and its results will be a strong indication for an industry waiting to transition to a p...
1 day ago
Microsoft partners with Cruise to commercialize self-driving vehicles

Microsoft partners with Cruise to commercialize self-driving vehicles

Microsoft Corp. is joining hands with Cruise, the self-driving subsidiary of General Motors., to help accelerate the commercialization of dr...
1 day ago
Apple car may upset auto industry manufacturing model

Apple car may upset auto industry manufacturing model

Since last December, the Apple car project called Titan has been generating much interest with speculations surrounding design manufacturing...
3 days ago