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Xiaomi Overtakes Apple as World’s No. 2 Phone Maker, Canalys Says

  • Shipment estimates for the second quarter indicate 83% jump
  • Xiaomi has invested aggressively to fill Huawei’s shoes
A Xiaomi smartphone at a store in Barcelona. Overseas expansion was the biggest driver of Xiaomi’s growth.

A Xiaomi smartphone at a store in Barcelona. Overseas expansion was the biggest driver of Xiaomi’s growth.

Photographer: Angel Garcia/Bloomberg
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Xiaomi Corp. has become the world’s second biggest smartphone maker over the past quarter following an 83% jump in shipments, according to preliminary estimates by Canalys.

This marks the first occasion that Xiaomi, the Chinese maker of everything from rice cookers to gaming monitors, has broken into the top two, historically dominated by Samsung Electronics Co. and Apple Inc. Samsung had a 19% share in the second quarter, Xiaomi had 17% and Apple was at 14%, according to the research firm’s data. Shares of Xiaomi rallied as much as 4.1% on Friday, the best performer on Hong Kong’s benchmark Hang Seng Index.