China's Xiaomi has become the world's third-largest smartphone vendor just three years after first hitting the market, trailing only Samsung Electronics and Apple, according to a new industry study.
Strategy Analytics said Xiaomi accounted for 6% of all 320 million smartphones shipped during July-September. It replaces LG, which is now the fourth-biggest manufacturer with 5% market share. Samsung made up 25%, down from 35% a year earlier due to rising competition from several directions. Apple, the second-biggest smartphone maker, saw its market share dip from 13.4% to 12.3%.
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"Xiaomi was the star performer," Strategy Analytics executive director Neil Mawston said in a statement.
"Samsung continues to face tough competition from Apple at the higher-end of the smartphone market, from Xiaomi and Huawei in the middle-tiers, and from Lenovo and others at the entry-level."
Xiaomi has been the top seller in its home market of China and recently entered India, where it sells phones exclusively through e-commerce site Flipkart.
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