The average selling price of Xiaomi phones is about 75 percent cheaper compared with Samsung and Apple
Chinese smartphone maker Xiaomi Corp (1810.HK) overtook Apple Inc (AAPL.O) in the second quarter to become the world's No. 2 smartphone maker, market research firm Canalys said in a report on Thursday.
Xiaomi took the second spot for the first time with 17% share of worldwide smartphone shipments, up 3% from the previous quarter, according to the research firm.
Global smartphone shipments grew 12% in the second quarter, led by Samsung Electronics (005930.KS) with a 19% share, and Apple at third place with a 14% share.
The average selling price of Xiaomi phones is about 40% to 75% cheaper compared with Samsung and Apple respectively, Canalys Research Manager Ben Stanton said, adding that a major priority for Xiaomi this year is to grow sales of its high-end devices.
The company's shipments jumped more than 300% in Latin America, 150% Africa and 50% in Western Europe, the report said.
Reporting by Radhika Anilkumar in Bengaluru; editing by Vinay Dwivedi
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