Smartphone maker Xiaomi’s second quarter revenue rose a record 64% from a year earlier, it said on Wednesday, as it capitalised on US sanctions against rival Huawei Technologies.
Samsung Electronics has snatched back the crown from Apple as the world’s biggest smartphone producer, accounting for a fifth of overall global sales in the first quarter, market research firm Canalys said.
LG Electronics has reorganised its mobile phone division to increase outsourcing of its low-end to mid-tier smartphones, which analysts said represented an attempt to cut costs and compete with Chinese rivals.
Huawei Technologies’ global smartphone market share is expected to fall to just 4% in 2021, a precipitous drop for the company that earlier this year ranked as the world leader in shipments.
Chinese handset rivals of Huawei including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival.
Huawei Technologies is in talks with Digital China Group and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to $3.7-billion, people with knowledge of the matter said.
Chinese smartphone manufacturer Oppo has launched an office in South Africa and plans to bring a range of the company’s devices to the local market.
Qualcomm is ramping up its effort to put 5G mobile phones within reach of billions of people and backing new connected laptops aimed at the growing number of people working at home.
Vivo, one of China’s biggest smartphone brands, has been launched in South Africa. The company has partnered with Vodacom for the initial launch of devices.
Xiaomi introduced its first phones compatible with the latest 5G cellular technology in China, as the country’s once-biggest smartphone maker prepares for an uphill battle against domestic rival Huawei.