Despite falling short of its 2015 sales target, Xiaomi was still the top smartphone manufacturer in China for the year, according to a new Wall Street Journal report which cited “early figures” from market research firms Canalys and Strategy Analytics.
According to Canalys, Xiaomi claimed 15.2% of the market in China. Huawei came in second with 14.7%, while Apple was third with 12.5% share.
The report cited Chinese analysts as saying that brisk sales of the company’s Redmi Note 3smartphone – which they said comes with “competitive pricing and trendy features” – along with the end-of-year sales season were some of the main reasons that helped Xiaomi claim the spot.
They also predicted that in 2016, Xiaomi will have to face a tough fight from competitors like Huawei, which shipped over 100 million smartphones in 2015 – Xiaomi, for comparison, shipped only 70 million.
For those who aren’t already aware, Xiaomi’s next flagship smartphone – the Mi 5 – will beunveiled on February 24.