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Chinese smartphone brand Xiaomi has maintained No 1 position in smartphone shipments in India for 16 consecutive quarters, the company has announced. Xiaomi maintained its lead in the third quarter (Q3) in India this year, shipping 11.2 million units for a 24 per cent share. According to the company, its revenue from overseas markets reached 40.9 billion Yuan during the third quarter of 2021, accounting for 52.4 per cent of total revenue.
"Despite the global shortage of key components, Xiaomi solidified its market position by optimising global market resource allocation and reinforcing its channels in accordance with local market conditions," the company said while announcing its Q3 results late on Tuesday. According to Canalys, Xiaomi's market share of smartphone shipments in the third quarter ranked No 1 in 11 countries and regions and among the top five in 59 countries and regions globally.
In the third quarter of 2021, despite the global shortage of key components, the Group's global smartphone shipments still reached 43.9 million. "For many of its new smartphones launched this year, over half of the users are new Xiaomi users. Xiaomi introduced the brand-new Xiaomi Civi Series in September 2021 and was well received by users," it informed. Overall, in the third quarter of 2021, Xiaomi's total revenue amounted to 78.1 billion Yuan, representing an increase of 8.2 per cent year-over-year.
Meanwhile, Xiaomi's global MIUI 30-day active user base has exceeded 500 million as of November 22. "During the third quarter of 2021, we continue to strengthen our core 'Smartphone × AIoT' strategy and advance in the premium smartphone market. We ranked 1st in terms of smartphone shipments in 11 countries and regions," said Xiaomi Corporation. (IANS/ MBI)
Keywords: revenue, countries, market, smartphone, xiaomi, chinese, third quarter
Smartphone brand realme is all set to advance into the high-end smartphone market, CEO Sky Li has revealed. The brand has solidified its position as one of the major players in the budget and mid-range smartphone segment, GizmoChina reported on Saturday.
Earlier this year, realme successfully entered the flagship killer segment with the release of its GT series. Now, the founder and CEO has revealed the company's plan to compete with top smartphone brands in the ultra-premium segment through a tweet.
"It's official: realme to advance into high-end market with smartphones over $800. What do you expect most from realme full flagship phone?" Li wrote on the micro-blogging site. In other words, realme will be going up against industry giants like Samsung, Apple and Google in more than the $800 smartphone segment, the report said. Currently, the company does not have any device in this segment and their top offering is the smartphone killer GT Neo 2, it added. (IANS/ MBI)
Keywords: smartphone, realme, market, high-end, realme
Smartphone brand realme on Saturday announced its mainline expansion across India with a total of 200 exclusive stores. The stores are now operational and will enable users to experience all the latest realme products. The company is also looking at expanding its offline presence to more than 1,000 exclusive stores by the end of 2022.
"realme's exclusive stores are a key part of our growth strategy and are in line with our focus of providing our customers with first-hand experience of realme products," Madhav Sheth, CEO, realme India, VP, realme and President, realme International Business Group, said in a statement. The company said it believes that offline presence is essential for a brand's growth in the long term.
In line with the same, the brand recently inaugurated 100 exclusive stores in a single day on October 8 and had set its target to open a total of 300 exclusive stores across India in 2021. "Our offline growth expansion provides us with an abundance of opportunities and contributes to the overall growth of the brand," Sheth said.
"With our new stores, we are all set on our target of opening 300 exclusive stores across the country this year, and we are excited about expanding this number further in the upcoming year," he added.These stores will have the latest products from the realme TechLife ecosystem, including smartphones, laptops, tablets and other gadgets, enabling the brand to strengthen its relationship with the customers. (IANS/ MBI)
Keywords: realme, stores, India, realme store, smartphone
The global switch to 5G is well underway, with the number of connections to the next-generation network set to reach 1.34 billion in 2022, says a new report. According to an analysis by market researcher CCS Insight, this year has seen connections to 5G triple to 637 million, suggesting that the roll-out of the network is continuing apace.
National lockdowns caused by the global health crisis in 2020 slowed network rollout, for example making it more difficult to send engineers on the ground to physically build the infrastructure, ZDNet reported. CCS Insight noted that geopolitical tensions related to Huawei's role in 5G rollouts led to delays, especially in western Europe. European countries were effectively hesitant to allow Huawei to provide critical infrastructure for their 5G networks after the Trump administration in the US raised concerns that the company might pose a security risk due to its ties with the Chinese government.
"The US being one country, the decisions were made relatively quickly while in Europe every country had to make its own decision as to what to do with Huawei," Marina Koytcheva, Vice-President of forecasting at CCS Insight, told the tech website. "In some countries, operators had to wait a little bit to see whether they'd be allowed to use Huawei equipment and in which part of the network. That was probably an even more significant delaying factor than Covid-19 in 2020," Koytcheva added.
One of the key reasons that deployment is accelerating is that consumers are now buying devices that are 5G-enabled in 2021. | Wikimedia Commons
Although the speed of rollout is improving in western Europe, this relatively gradual start means that 5G won't account for more than half of cellular device connections in the region until 2024, predicts Koytcheva. Different regions are switching to 5G at a different pace, but the trend across western Europe, North America, China and other advanced markets in Asia remains the same -- operators have now largely committed to upgrading from 4G, and are rapidly getting on with the builds.
One of the key reasons that deployment is accelerating is that consumers are now buying devices that are 5G-enabled in 2021, CCS Insight expects 560 million 5G-capable smartphones to sell. In a turning point for the industry, Apple released its first 5G-equipped iPhone at the end of 2020, which triggered a "smartphone supercycle" that saw many users replace their devices.
After a huge dip in sales, smartphones have now started selling again with the second quarter of 2021 seeing a 10.8 per cent increase in shipments year-on-year. Previous analysis by IDC predicted that 5G device shipments will increase by 123 per cent in 2021 as compared to 2020 and that by 2022, they will make up more than half of all smartphone shipments. (IANS/ MBI)
Keywords: Global health crises, 5G smartphones, 5G in western Europe, 5G network, 5G report, health crises in national lockdown