Xiaomi Grabbed 14.1% of Global Smartphone Share in 2021: CFO

Xiaomi’s global smartphone shipments exceeded 190 million in 2021, enough to place it No. 3 in the world, said President Wang Xiang on a Q4 earnings call Tuesday. Xiaomi finished 2021 ranked No. 1 in 14 markets and in the top five in 62 markets, he said. “We ranked No. 2 in Europe with a market share of 23% and retained our No. 1 position in Spain for two consecutive years and the No. 1 position in India for 17 consecutive quarters,” he said. “We continue to strengthen our position in the premium smartphone market,” having shipped more than 24 million premium handsets globally in 2021, compared with 10 million the year before, said Wang. “Premium smartphones accounted for around 13% of our total smartphone shipments in 2021 compared with around 7% the year before.” Xiaomi estimates its global smartphone share rose to 14.1% in 2021 from 9.2% in 2019, said Chief Financial Officer Alain Lam.