Xiaomi Inc, is famous to produce high-end devices at very low prices, its growth in china in recent years have been very promising and its been called the “Apple” of Chinese market.
According to a survey conducted in china by Canalys, Apple beat Xiaomi, in their home market by recorded growth in sales by 70 Per cent in its fiscal first quarter ending 27th December, 2014. Apple become top smartphone maker in china for first time.
Thanks to its bigger iPhones, Apple sold a record 74.5 million iPhones last quarter, which along with high prices helped make it the world’s most profitable company.
The Cupertino, California, company posted revenue of $74.6 billion, far surpassing Wall Street estimates for revenue of $67.5 billion, and reported a profit of $18 billion, setting a new quarterly record not just for Apple for but for all global businesses.
Source : Mashable
In 2nd quarter last year, Xiaomi a four year old startup overtook Samsung to become the biggest selling smartphone maker in China.
Samsung is struggling in countries such as China, India because “they’re sort of being eaten from the bottom up by regional players” including Huawei and Xiaomi, said Ben Bajaran, an analyst at Silicon Valley research firm Creative Strategies.
Until September, before the launch of iPhone 6 & iPhone 6 Plus, Apple lacked one thing to Samsung and other Smartphone makers : a supersized Smartphone screen. The new iPhone 6 measures 4.7 inches and the 6 Plus is 5.5 inches. And that’s made a huge difference
But Xiaomi’s strategy hasn’t put a dent in the iPhone’s momentum in China, and the latest report from Canalys proves it. Instead, Xiaomi’s rise has been more damaging to Samsung, which is still the largest smartphone vendor in the world. Samsung’s profits continue to shrink as consumers choose cheaper Android devices like Xiaomi’s phones that are just as good, but cost about half as much.
Samsung’s fourth straight drop in quarterly earnings, Profit dipped 27 percent to 5.3 trillion won ($4.9 billion).
According to Canalys, Samsung is the third-largest smartphone vendor in China behind Apple and Xiaomi.
Finally Apple beats xiaomi to become top smartphone maker in china
Source : redmondpie