Xiaomi’s Redmi Observe 8 is displayed at a retailer in Hanoi, November 2020. Photograph by VnExpress/Thien Di.
China’s Xiaomi grabbed a 12 p.c market share within the third quarter to surpass Vivo and turn into the third largest smartphone model in Vietnam.
Xiaomi reported gross sales progress of 114 p.c year-on-year regardless of Covid-19 impacts, Singaporean expertise market evaluation agency Canalys mentioned in a latest report.
South Korea’s Samsung stayed on prime with a 33 p.c market share, adopted by China’s Oppo (15 p.c); however gross sales of each manufacturers dropped sharply at 6 p.c and 21 p.c year-on-year respectively.
VinSmart, a subsidiary of Vietnam’s largest listed firm, Vingroup, was fourth with a 9 p.c market share.
VinSmart had launched its first product on the finish of 2018, and produced its first 5G smartphones in collaboration with U.S. chip giant Qualcomm final month. The model is specializing in the low-end section with 12 choices all priced at beneath VND5 million ($212).
China’s Vivo additionally grabbed a market share of 9 p.c within the third quarter after rising 75 p.c.
Virtually 10 smartphone manufacturers have been vying for the third place lately, with Apple, Xiaomi and Vivo probably the most notable names. No model has remained in that place for greater than six months.
Based on We Are Social, a social media advertising and marketing and promoting company, round 75 million individuals, or virtually 80 p.c of the nation’s inhabitants, use smartphones.