Xiaomi published official figures of total smartphone shipments in Q1 2019. Defying the recent reports from a market research firm, Xiaomi said the smartphone shipments exceeded 27.5 million units.
Xiaomi group noticed a significant cleft in the statistics from third-party research firms. To avoid any backlash from the investors and promoters, Xiaomi board of directors decided to clarify the stance. The company published a notice defining the actual shipment numbers for the first quarter of 2019. According to Xiaomi’s official management accounts, the company shipped significantly more smartphones than cited by third-party reports.
Xiaomi cautioned the investors who hold the company’s shares or other securities in believing the third party reports. Before the actual Q1 2019 financial report, Xiaomi voluntarily published the total shipments to rescue the company’s portfolio from any negative impact.
IDC and a few other data aggregating agencies estimated 25 million Xiaomi smartphone shipments in the first quarter of 2019. There’s a huge difference between the actual shipments and the numbers perceived by IDC. According to the IDC report, Xiaomi witnessed a 10% dip on YoY basis with shipments declining from 27.8 million to 25 million units in Q1 2019. The Chinese electronics maker now owns 8% smartphone market share globally.
Xiaomi closed the top five list with 28.6 million shipments in Q4 2018. At that time, Xiaomi market share grew by 2.4%, and overall share improved to 7.6%. Whereas, Xiaomi is the market leader in India with a 28.9% share. It shipped over 142.3 million smartphones last year in the country.
(via)
