Xiaomi: The global market performance is solid, mobile phone shipments are expected to grow by double digits in 2024 Xiaomi, as a leader among domestic mobile phone manufacturers, has been trying to hit the high-end mobile phone market and the global market. Both goals are crucial for manufacturers, because the former can bring more technological breakthroughs, while the latter is an important guarantee to ensure high R&D investment. However, among many domestic manufacturers, Xiaomi performed the best, ranking among the top three in the world. According to data released by the research agency Canalys, in the third quarter of this year, Xiaomi ranked third in the world with a market share of 14%, second only to Samsung and Apple. Although the market share has not changed compared with the same period last year, Xiaomi is the only mobile phone manufacturer in the top three to achieve positive share growth.
This achievement is not easy, not only due to Xiaomi's global layout, but also inseparable from its correct choice to impact the high-end direction. Among domestic mobile phone manufacturers, only Xiaomi can compete with Samsung and Apple. This is not only reflected in the global market share, but also in the product strength. Yesterday, Xiaomi officially announced the launch of the self-developed system The Paper. The system is based on the deeply evolved Android and integrates Xiaomi's self-developed Vela technology. In fact, it is based on AOSP+Vela. This means that the first Xiaomi Mi 14 equipped with surging OS will have excellent software and hardware strength. It is reported that Xiaomi 14 has begun mass production and is expected to be available at the end of the month.
This series of actions shows that Xiaomi is not only steadily advancing in the global market layout, but also improving the product power of flagship mobile phones. Due to the steady progress of Xiaomi's global layout and the continuous improvement of flagship mobile phone products, the industry is full of expectations for Xiaomi's future development. According to industry forecasts, Xiaomi's mobile phone shipments in 2024 are expected to achieve double-digit growth. In addition, profits in the fourth quarter of this year and next year are also expected to exceed market expectations. It can be said that this year's Xiaomi has performed well, and next year's Xiaomi will be even stronger. Xiaomi's achievements are remarkable, but we must also see the challenges and problems.
Although Xiaomi occupies a place in the global market, there are still few domestic manufacturers that can truly perform well in the world. How to further expand its influence in the global market is an important issue facing Xiaomi. At the same time, as the competition in the global mobile phone market intensifies, Xiaomi also needs to continuously improve its product capabilities to meet the challenges from competitors such as Samsung and Apple. In summary, Xiaomi's performance in the global market is solid, and mobile phone shipments are expected to achieve double-digit growth in 2024. Xiaomi's global layout and the correct choice to hit the high-end direction are the keys to its success. However, Xiaomi still faces the challenge of expanding its influence in the global market and improving its product strength.
In the highly competitive mobile phone market, Xiaomi needs to continue to innovate and continuously improve its own strength in order to win more attention and recognition on the global stage. What is your opinion on the future development of Xiaomi? How do you view Xiaomi's competitive position in the global market? Welcome to leave a message to share your views.