IDC released a report on April 30 detailing the number of units phone manufacturers shipped in the first quarter of 2019. The stats revealed that Xiaomi shipped a total of 25 million units, 10% less than that of the same quarter in 2018. However, Xiaomi released a press statement faulting the figure as incorrect.
The Chinese tech giant said in the press statement that it actually shipped 27.5 million smartphones in Q1 2019. IDC has now announced it will republish the report with the new figure next week.
You might be wondering what the fuss is about. These figures are important to investors as they need to know how well the companies they back are performing. A lower number can influence the trust of investors in the business.
IDC’s report differs from that of similar agencies like Canalys, Counterpoint, and StrategyAnalytics. All three reported Xiaomi shipped 27.8 million, 27. 8 million, and 27.5 million units respectively which is much higher than IDC’s 25 million units.
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Xiaomi is currently one of the top five manufacturers in the smartphone market. It has a market share of 8% and is still expanding its reach. Last month, it launched the Redmi Go, Redmi 7, and Redmi Note 7 in Nigeria, marking its re-entry into Africa.
(Source)
