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Xiaomi To Become Third Largest Smartphone Vendor Globally In 2021

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March 17, 2021

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Most Valuable Global Brands Xiaomi Will Become Third Largest Smartphone Vendor Globally in 2021 Brandnewsday1

Global smartphone shipments will rebound +6.5% Year-in-Year (YoY). Xiaomi To Become Third Largest Smartphone Vendor Globally In 2021.

According to the latest research from Strategy Analytics, the global smartphone shipments will rebound +6.5% YoY to reach 1.38 billion units in 2021. The growth is driven mostly by the improved economic situation as the COVID-19 pandemic weakens, a growing stock of ageing smartphones and the operator/vendor push for migration to 5G.

Xiaomi Will Become Third Largest Smartphone Vendor Globally in 2021

Top 5 Smartphone Vendors: Global Smartphone Shipment Market Share %: 2020 vs 2021 (Source: Strategy Analytics, Inc.)

Abhilash Kumar, the Smartphone Analyst at Strategy Analytics, said: “For 2021, we believe Xiaomi will emerge as the third-largest global smartphone vendor surpassing Huawei. Xiaomi has been performing well in the India and Russia markets, and has also been very aggressive in Central & Eastern Europe and Western Europe.”

READ: Apple’s Market Cap Surged by $810B, Facebook Up by 30%

Commenting on the regional outlook of the Chinese vendors, Linda Sui, Senior Director at Strategy Analytics, added: “2021 is going to be the year of Chinese smartphone vendors. In the Asia Pacific, Vivo, Xiaomi and OPPO will become top 3 players driven by aggressive marketing, expanding channel footprints and competitive pricing.”

The report also notes that in Africa & Middle East, Transsion will pass Samsung as the largest vendor with Samsung falling to second place. Xiaomi will surge into third place ahead of Apple. In the Western European markets, Xiaomi will solidify its grip on third place after Apple and Samsung.

READ: OPPO Launches Reno5 Series Today (See Features And Specs)

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