Chinese Xiaomi smartphone overtakes Apple in global phone market

[Elderberry]

American Military News by Ryan Morgan  July 16, 2021

The Chinese smartphone maker Xiaomi has overtaken Apple in the global smartphone market in the second quarter of 2021, according to new data published Thursday by market analytics firm, Canalys.

The Singapore-based Canalys reported Xiaomi now holds the number two spot for global smartphone sales, after having beaten out Apple for the spot. Samsung currently leads the global market with 19 percent of the market share, compared to Xiaomi’s close 17 percent and Apple’s 14 percent. Oppo and Vivvo are virtually tied in fourth place, with about 10 percent of the market share each.

Xiaomi’s newfound number two spot comes after a period of rapid growth for the year. While Samsung grew 15 percent annual growth and Apple saw one percent annual growth, Xiaomi’s annual growth was estimated at 83 percent for the year.

More: https://americanmilitarynews.com/2021/07/chinese-xiaomi-smartphone-overtakes-apple-in-global-phone-market/

[PeteS in CA]

I asked my daughter (who lives in China when not "trapped" in the US by Covid) and she said that iPhones are priced way high than most Chinese people can afford. I would guess that Samsung is as well. So Apple is priced out of the marketplace in a country of 1.4 billion people. I suspect that is true in one degree or another in many other countries.

Whether smartphones, computers, televisions, or type of techno-toy, there is a sort of vague saturation point where consumers realize that what they have is so adequate for their "needs" that they don't need to get the latest and greatest __________.