Chinese company Xiaomi surpasses Apple as a smartphone maker

With your earnings report, Xiaomi Corp. confirmed his preliminary estimates that it had outperformed Apple Inc. in shipments of smartphones in the quarter ended in June.

Chief Executive Officer Lei Jun said recently that he expects Xiaomi to overtake Samsung Electronics Co. for the title of the world’s largest smartphone maker within three years.

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But the recent success of the Chinese company was due to two factors that may not last: local rival Huawei Technologies Co. lost ground due to being part of a US blacklist; and the sales of Apple they generally decline before the debut of a new iPhone.

Xiaomi also surpassed Apple in terms of shipments in the third quarter of 2020, but Apple, after the launch of its iPhone 12, became the world’s top smartphone seller in the last quarter of 2020.

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