Scalper1 News
China-based Xiaomi leapt to third place in the worldwide smartphone market in the third quarter as its unit shipments soared 211% from Q3 2013, research firm IDC reported late Wednesday. Xiaomi’s market share rose to 5.3% from 2.1%. But its hold on third place could be short-lived as No. 4 smartphone maker Lenovo, also of China, completed its acquisition Thursday of Google’s (GOOGL) Motorola Mobility unit. Xiaomi shipped 17.3 million smartphones in the quarter, putting it well behind market leaders Samsung and Apple (AAPL). Samsung held a wide lead as the No. 1 smartphone vendor in Q3, with 78.1 million units shipped. But its market share fell to 23.8% from 32.5% in the year-ago period, as its shipments sank 8.2%, IDC said. Apple’s market share dipped to 12% from 12.9%. Its iPhone shipments rose 16.1% to 39.3 million units. But the total market grew 25.2%. Apple’s smartphone sales slowed ahead… Scalper1 News
Scalper1 News