According to a well-known market research firm IHS, Xiaomi is still the China’s biggest smartphone maker. It managed to sell more devices than Huawei, Apple, and Samsung, which currently have to settle for 2nd,3rd, and 4th place respectively.
In the first quarter of this year, Xiaomi managed to achieve a 14% market share in the country while Huawei held 11%. Xiaomi sold around 14.2M smartphones out of 99M sold in Q1’15 in China, as per IHS.
Last week, Ratan Tata, chairman emeritus of the holding company of the Tata conglomerate, has acquired a stake in Xiaomi Technology, a deal that is likely to bolster the Chinese phone maker’s presence in the world’s third-largest smartphone market. Xiaomi, the No. 3 global smartphone maker, was valued at $45 billion after a December funding round.
