Xiaomi Shipped 46.2 Million Units, Captures 3rd Position in Global Smartphone Market for Q3 of 2020! - Tech - Mi Community

Hello Mi Fans,

Xiaomi, for the first time, surpassed Apple to capture the third spot in the global smartphone market.
Realme was the fastest-growing brand in Q3 as it grew 132% QoQ to reach 14.8 million units for the quarter. With this, it became the world’s fastest brand to ship 50 million smartphone units since inception.
Global 5G smartphone shipments in Q3 exceeded the cumulative shipments of H1 2020.

The global smartphone market declined 4% YoY but grew 32% QoQ to reach 366 million units in Q3 2020, according to the latest research from Counterpoint’s Market Monitor Service. This recovery was driven by all key markets, like the US, India and Latin America, returning slowly to normal due to eased lockdown conditions. The smartphone market has shown resilience to the ill effects of COVID-19 both from the supply and demand side.

Commenting on the overall market dynamics, Associate Director Tarun Pathak said,

“Eased lockdown conditions in all key markets made way for exports and imports, thus streamlining the supply chain again. Also, the pent-up demand due to lockdowns helped the smartphone market take a recovery trajectory. The supply issues are getting resolved as the manufacturing units in China and Vietnam have started operating at their normal levels, while in India, they are operating at 80% of the pre-COVID levels. In markets like the US and Europe, a modest ‘back to school’ bump in the quarter helped the market to recover.”

Xiaomi grew 75% QoQ to grab 13% share for the quarter. Notably, this was also the first time when Xiaomi surpassed Apple to capture the third spot. Research Analyst Abhilash Kumar said, “Xiaomi reached its highest-ever shipments at 46.2 million units in Q3 2020. In China, Xiaomi’s struggle for growth ended and shipments were up 28% YoY and 35% QoQ. This impressive show by Xiaomi in China was driven by a series of campaigns and promotions during the brand’s decennial celebrations in August. Also, in new markets like LATAM, Europe and the MEA, Xiaomi’s share expanded rapidly at the expense of Huawei amid US-China trade sanctions. The brand is also performing well in Southeast Asian markets like Indonesia, Philippines and Vietnam.”

Talking about the 5G share, Research Analyst Aman Chaudhary said,

“5G shipments continued to grow (82% QoQ). Interestingly, 5G shipments in Q3 exceeded the overall H1 2020 shipments. The growth was driven by 5G devices quickly proliferating into the sub-$300 price band, with offerings from Huawei, vivo, OPPO, Xiaomi and OnePlus. Affordable 5G devices will drive this segment, especially in China, in the coming quarters. Also, with the launch of the iPhone 12 series in Q4, Apple will be the key to driving 5G volumes in markets like the US, Canada and Western Europe.”

Other Key Takeaways:

Apple iPhone shipments declined 7% YoY during Q3 2020 as the company delayed its annual iPhone launch from Q3 to Q4. We expect Apple’s performance to bounce back in Q4 2020 with the launch of the 5G-powered iPhone 12 series.
OnePlus grew 2% YoY and 96% QoQ driven by the strong performance of 8 series and the Nord in key markets like India and Western Europe.
Huawei drove more than 40% of the total 5G shipments, thanks to strong performance in China.
Motorola grew 37% QoQ and 4% YoY driven by strong performance in Latin America and the US-driven by the strong performance of E6 and G8 series.
vivo has been performing well in overseas markets, especially in Southeast Asian countries like Indonesia and the Philippines, driven by its Y series. Like other brands, it has also entered the IoT segment, launching a smartwatch in September.
OPPO is relying on operator partnerships to expand in European markets. Also, it is building partnerships with leading sports events to grow its influence across Europe.

Apart from the report of Counterpoint, the reports of Canalys and IDC have also come. Xiaomi has become the 3rd largest company with 13.5% market share and the fastest growing in the last quarter. This is an amazing milestone that couldn't have been achieved without our Mi fans and partners around the world. we will continue to bring amazing products at honest pricing!

#NoMiWithoutYou

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