Xiaomi becomes 2nd largest smartphone vendor in Q4 IDC

Xiaomi becomes 2nd largest smartphone vendor in Q4 IDC

Chinese smartphone company Xiaomi has become the number two vendor in the smartphone market as per IDC Q4CY16 Quarterly smartphone tracker. Xiaomi also announced that it sold more than three million units of Redmi 3S (includes Redmi 3S, Redmi 3S Prime and Redmi 3S+) in less than six months. The unprecedented success of the Redmi 3S series contributed majorly to Xiaomi’s growth this quarter. Continuing its online dominance, Xiaomi retained the number 1 position in the online smartphone market in Q4 2016.

According to IDC’s India Quarterly Smartphone Tracker – February 2017 Release, “Xiaomi climbed up to 2nd place with 10.7 % share in CY Q4 2016 against 3.3 % share in the same period last year. Year-on-year shipments grew threefold while sequential growth was 15.3% in CY Q4 2016. Xiaomi also expanded its retail presence with the launch of an exclusive model for offline channels in CY Q4 2016.”

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