Xiaomi is the Worlds Third Biggest Smartphone Maker Without Leaving Asia

xiaomiChinese smartphone manufacturer Xiaomi has managed to become the worlds third largest smartphone maker without leaving the Asian market, new figures have revealed.

According to the latest numbers from the IDC, Xiaomi was responsible for over 5 per cent of the 327m new smartphones shipped in Q3 2014. Samsung retained first place with 78.1m, while Apple claimed second with 39.3m.

While Samsung still dominated, both IDC and Strategy Analytics reports confirm that the company has dropped roughly 10 percentage points over the past year, shrinking its share from around a third to a quarter.

While Apples shipments have grown slightly, as have smaller manufacturers such as Lenovo and Huawei, Xiaomis low cost approach has seen it grow swiftly to overshadow global competitors while still operating primarily in China.