According to Gartner Data, Xiaomi Surpasses Apple in Smartphone Sales

Overall, the market is still below last year’s figures.

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This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


According to data from the information technology research and consulting company, Gartner , Xiaomi has surpassed Apple in sales of smartphones, so now the Chinese technology company is the third provider that ships the most mobiles worldwide , below Samsung and Huawei .

There was a drop in sales – worldwide – in the first two quarters of 2020. Between January and June of this year, sales of these devices fell by 20%. However, in the third quarter there was a recovery when a total of 366 million units were sold, 5.7% less than in the same period last year.

Samsung is the

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Xiaomi Shares Slide 7.1% After Finalising $3.9 Billion in Equity Deal | Technology News

HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp’s shares fell 7.1% in Hong Kong trading on Wednesday as the company finalised a $3.91 billion capital raising that included the city’s largest top up placement.

The company said 1 billion shares were sold at HK$23.70 each as part of the top up deal that was carried out overnight. The final price was a 9.4% discount to Xiaomi’s closing price of HK$26.15 on Tuesday.

Trading of Xiaomi’s stock was halted during the morning session before the company released details of the capital raise during Hong Kong’s lunch break, when trading is stopped for an hour.

It had been expected that details of the deal would be announced before the start of the trading day in line with normal market practices.

Xiaomi did not immediately respond to a Reuters request for comment on why the deal was not announced until lunchtime.

When

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Chinese Smartphone Maker Xiaomi Sets Hong Kong Top-Up Record

Chinese mobile phone maker Xiaomi has raised US$3.9 billion in Hong Kong’s largest-ever top-up share sale. The company is looking to raise cash to allow it to expand at a time it is winning business away from rival Huawei Technologies.

Xiaomi shares, listed as HK:1810 with a U.S. ADR XIACY, were briefly suspended in morning trading Wednesday in Hong Kong. Details of the offer were announced at lunchtime, a weird break from the normal after-the-close practice.

The shares fell as much as 12% but recovered to a 7.1% loss by the close, not quite matching the 10% discount of the new shares. Xiaomi was the most active stock traded in Hong Kong, helping drag the benchmark Hang Seng index down 0.1% for the day.

Xiaomi in the third quarter became the world’s third-largest smartphone seller, with 13% of the market last quarter, according to Counterpoint Research. Its 46.2 million units

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Xiaomi has incredibly lofty smartphone shipment goals for 2021

Xiaomi Mi 10 Pro back standing up

Credit: David Imel / Android Authority

  • Xiaomi is reportedly aiming to ship between 240 million and 300 million smartphones in 2021.
  • It’s believed that the latter target likely won’t be achieved due to supply chain constraints.

Xiaomi has enjoyed a stellar 2020 thus far, owing to the combination of the COVID-19 pandemic, Huawei’s US-induced slide, and a focus on new markets. The company has passed Apple for third place in Q3 2020, and it seems to be closing in on Huawei too.

Now, Nikkei Asian Review reports that the firm has some incredibly ambitious goals for 2021. The outlet reports that Xiaomi has been talking to suppliers to order parts for up to 240 million smartphones, citing sources close to the matter.

It’s believed that this number not only exceeds Xiaomi’s annual shipments to date, but would be roughly equivalent to Huawei’s record high of 240.6 million smartphone shipped in

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UPDATE 4-Chinese smartphone maker Xiaomi raises $3.9 bln in equity deal – term sheet

* Deal is largest of its kind in Hong Kong to date

* Indicative price set at HK$23.70, lower end of range

* Convertible bond deal to raise $855 mln (Adds deal detail)

HONG KONG, Dec 2 (Reuters) – Chinese smartphone maker Xiaomi Corp has raised $3.91 billion as part of a deal that includes Hong Kong’s largest top-up placement, according to a term sheet seen by Reuters.

Potential investors have been told the price should be HK$23.70 for the 1 billion shares that are being sold down in the deal, the term sheet showed.

The price is at the lower end of the range flagged by the company on Tuesday when it said the deal would be between HK$23.70 and HK$24.50.

At HK$23.70, the placement would raise $3.06 billion.

A convertible bond deal to raise $855 million was also finalised Wednesday, according to the term sheet, to take Xiaomi’s

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Chinese smartphone maker Xiaomi raises $3.9 billion in equity deal – term sheet

HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp has raised $3.91 billion as part of a deal that includes Hong Kong’s largest top-up placement, according to a term sheet seen by Reuters.

FILE PHOTO: People are silhouetted in front of Xiaomi’s logo at a venue in Beijing, May 10, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Potential investors have been told the price should be HK$23.70 for the 1 billion shares that are being sold down in the deal, the term sheet showed.

The price is at the lower end of the range flagged by the company on Tuesday when it said the deal would be between HK$23.70 and HK$24.50.

At HK$23.70, the placement would raise $3.06 billion.

A convertible bond deal to raise $855 million was also finalised Wednesday, according to the term sheet, to take Xiaomi’s total raising to $3.91 billion.

Xiaomi’s deal is the largest top-up placement in Hong

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Xiaomi Mi 10i India launch speculated, could take on Moto G 5G

Redmi Note 9 Pro 5G official

Credit: Supplied by Xiaomi

 

  • Xiaomi could launch the Redmi Note 9 Pro 5G in India as the Mi 10i.
  • The company may also launch the new Redmi Note 9 as the Redmi 9 Power in the country.

Xiaomi recently revealed a new set of phones under its Redmi Note 9 series in China. The biggest difference between these Redmi Note 9s and the previous models is 5G connectivity, 120Hz displays, and better cameras. Now it looks like at least one or two new Redmi devices are headed to India with a new name.

According to a Google Play Console listing spotted by XDA Developers and tipster Mukul Sharma, Xiaomi will launch the Redmi Note 9 Pro 5G in India as the Mi 10i. The phone carries the codename Gauguininpro, wherein the second “in” denotes an India launch.

The listing also confirms the presence of the Snapdragon 750G — another

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Xiaomi zooms past Apple in global smartphone sales in third quarter; Samsung holds pole position



a statue in front of a building: Xiaomi had a market share of 12.1 per cent, near to 4 per cent rise from last year.


© Provided by The Financial Express
Xiaomi had a market share of 12.1 per cent, near to 4 per cent rise from last year.

Xiaomi has overtaken Apple. According to Gartner, Xiaomi, the Chinese multinational electronic giant zoomed past Apple in smartphone sales in the third quarter of 2020. Xiaomi sold 44.4 million handsets this summer, a more than 11 million jump in the sale as compared to a year earlier. While Xiaomi had a market share of 12.1 per cent, near to 4 per cent rise from last year, its US counterpart too gained market share but suffered a slight dip in sales with 40.6 million units in the same period.

Among the top competitors, Samsung held the first spot with 80.8 million sales and 22 per cent market share. Huawei sales were most affected by the US-China trade wars as sales dipped from 65.8 million in 2019 to

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Global smartphone sales fall 5.7% in Q3, Xiaomi passes Apple for third spot

Smartphone sales to end-users totaled 366 million units in Q3, down 5.7 percent from the third quarter of 2019, according to Gartner. Overall global mobile phone sales totaled 401 million units, a decline of 8.7 percent year-over-year. After two consecutive quarters of a decline of 20 percent, quarterly smartphone sales started to show signs of recovery sequentially. However, smartphone sales continued weaker compared to the same period in in 2019, even with vendors introducing multiple 5G smartphones and governments relaxing shelter-in-place instructions in some geographies.

Global smartphone sales experienced moderate growth from the second quarter of 2020 to the third quarter due to pent-up demand from previous quarters, the researchers noted. 

Economic uncertainties and continued fear of the next wave of the pandemic are expected to continue to put pressure on non-essential spending through the end of 2020. The delay in 5G network upgrades also limited the opportunity for smartphone

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Xiaomi overtakes Apple as third biggest smartphone vendor

With all that has happened this year, you’d think that the smartphone market has drastically changed over the past few months. Some might have expected Huawei to sink and Apple to reclaim its throne as the world’s Top 2. The smartphone market as a whole did shrink a bit and Huawei did lose market share but not enough for Apple to recover. In fact, the Cupertino-based company sunk even lower, allowing Xioami to finally take over a coveted Number 3 spot.

As a whole, the smartphone market in the third quarter of 2020 declined by 5.7%, at least compared to the same period last year. That said, this is actually a good period for the industry compared to the previous two quarters as companies, factories, and consumers start to get back on their feet after months of lockdowns and restrictions.

Not all phone makers, however, had a good quarter and,

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