At the launch of the Redmi Note 6 Pro in India Yesterday, Xiaomi shared figures from IDC’s quarterly report for the third quarter of the year. The report for the last quarter shows the Chinese smartphone company is now the 4th largest smartphone company in the world.
According to the market research firm, Xiaomi shipped a total of 34.3 million smartphones in Q3 2018. That figure is 6 million units more than it shipped in the same quarter in 2017. Xiaomi also grew its market share to 9.7% as against 7.5% for the same period in the preceding year.
The phone maker revealed that it has reached the global target it set for this year. So far, it has shipped 100 million smartphones and that figure is set to increase by the time the reports for the last quarter of the year are released.
Samsung is still the No. 1 smartphone brand in the world with a market share of 20.3% but its shipments for the third quarter of the year is over 10 million less than what it shipped in the same quarter in 2017. Huawei claims the second spot, shipping 52 million smartphones in the third quarter. That is a huge increase when you compare it to the 39.1 million units it shipped in Q3 2017.
Apple is the third smartphone company in the world with a market share of 13.2% and a shipment of 46.9 million units in Q3 2018. China’s OPPO closes the top 5 list with 29.9 million units shipped and a market share of 8.4%.