Xiaomi surpassed Huawei to become the world’s third-largest phone brand in terms of shipments in February 2020 according to a report by market research firm Strategy Analytics. This is the initial time Xiaomi has ever overtaken its rival, Huawei.
As per the report, in February 2020 alone, the worldwide telephone shipments fell 38% YoY accounting for 62 million units. Income Additionally dropped 39% YoY with 65 million units. Those factors alongside with the backlog of 4G inventory have affected Huawei adversely. The company’s shipments and profits declined by 69% and 64% YoY respectively.
Like a achievement, Xiaomi became the third-largest phone maker in February 2020, even though its shipments and sales dipped by 32% and 29% YoY respectively. With all that being said, the change between Xiaomi and Huawei was merely 0.5 million or 500,000 units with a total of 6 million and 5.5 million shipments respectively in the previous month.
Xiaomi Surpasses Huawei Third Biggest Phone Brand
Further, Samsung seized the top position like regular in February 2020 with 18.2 million units, followed by Apple with 10.2 million units. Last but not least, fifth and sixth positions were acquired by Oppo and Vivo respectively with 4 million and 3.6 million units each. Additionally, like Huawei and Xiaomi, the above-stated brands encountered slump in their shipments and profits by a huge margin.
Huawei is presently likely through a tough time due to the fact the United States government added it to the ‘Entity List’ last year. This forced US-based companies to drop their businesses with Huawei and in the process, the Chinese smartphone maker Furthermore lost its Android license. Also, global smartphone shipments have been slipping for YoY like people tend to use their phones for a long time.