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China’s Xiaomi surpasses Apple as world’s No 3 smartphone maker – Financial Times

Asian groups lead rankings as US company falls out of top trio for first time in 10 years

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China’s Xiaomi has surpassed Apple for the first time to become the world’s third-largest smartphone maker by shipments in the July-September quarter, edging the US tech company out of the global top three for the first time in 10 years, three key market data providers said.
The world’s top three smartphone companies are now all from Asia, according to Canalys, IDC and Counterpoint Research. The latest statistics come as Apple on Thursday posted a 29 per cent year-on-year drop in revenue in the…

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