Apple is the market leader in smartphones, followed by everyone else. Samsung may be the largest Android OEM, but Apple has managed to dominate its own market by charging a premium for luxury goods.
The start-up Xiaomi, often known as Mi, was founded in 2010 with the goal of producing high-quality goods at competitive rates, mostly through utilising low-cost components.
Its first product was a pair of earbuds that cost less than $10, but it eventually switched to making phones, and over the following few years, it rapidly expanded to become one of the biggest smartphone manufacturers in the world.
There are several reasons for Xiaomi's increasing popularity, but one of its main benefits is that it only does business online. In
Xiaomi is the second-largest smartphone vendor in the world and has expanded into a number of markets, including India, Southeast Asia, Brazil, and Mexico.
In the future, Xiaomi will likely continue to focus on its strengths and build on its current success in China. It will also likely expand into new product categories, such as smart home devices, as it has done with its rice cooker and other products
At the moment, it looks like Xiaomi’s immediate focus is on China, but it’s also likely that it will expand into new markets in the near future.
China is an incredibly important market for both Apple and Samsung, and it will continue to be as the two companies compete with each other and other brands to win over Chinese customers.