A number of days in the past, a brand new report from Canalys exhibits the efficiency of the worldwide smartphone market share within the second quarter. In accordance with the report, Xiaomi’s market share hit 17%. Contemplating gross sales from different corporations, Xiaomi is now within the second place. The Chinese language producer is simply second to Samsung, surpassing Apple.

Lei Jun, the founding father of Xiaomi and the chairman and CEO of Xiaomi Group, was interviewed by the media. In accordance with Lei Jun, as of at this time, not more than 30% of individuals purchase cell phones on-line. Nonetheless, 70% of individuals desire to buy smartphones offline. For that reason, Xiaomi has been deploying offline shops since 2016. Lei Jun additionally believes that Xiaomi has the effectivity of e-commerce to cowl all offline shops. In accordance with him, the corporate opens at least 1000 offline shops each month. He additionally claims that as of the tip of June, Xiaomi had as much as 8000 offline shops.

Effectively, he’s speaking with respect to the Chinese language smartphone market and never globally. He continued “At current, each county within the nation has Xiaomi house protection, and this quantity will proceed to extend sooner or later. I really feel that when our offline shops are absolutely lined, we’ve an opportunity to attain first place within the Chinese language market share”.

Xiaomi has plans to develop its offline market

From the assertion above, Xiaomi is clearly concentrating on the highest spot within the Chinese language smartphone market. The corporate hopes to do that with the massive offline market that many producers appear to disregard.

It’s price noting that Lei Jun additionally set two flags: one is to let all counties have Xiaomi houses and Xiaomi retail shops. The second flag is to arrange Xiaomi houses in 10,000 villages and cities. Lei Jun reiterates that the corporate has a really clear plan with a agency and powerful execution-style. He believes that the corporate will quickly full this structure objective, and the outcome shall be clear for everybody to see.

In accordance with experiences, many of the development of Xiaomi itself comes from some rising markets. Some markets in Latin America, the Center East, and Africa are instrumental to its development. The corporate additionally has higher gross sales in some mature markets. Secondly, after the pandemic, there was a brief provide which is affecting many producers. Many manufacturers are experiencing tight provide in Latin America, Center East Africa, and even South Asia and cannot perform large-scale distribution. This constitutes a superb development alternative for the Chinese language producer.