CURRENT AFFAIRS

Detailed explanation-1: -Xiaomi has overtaken Apple to become the second-largest smartphone manufacturer in the world. The Chinese smartphone manufacturer saw an 83 percent Year-on-Year (YoY), which was the highest among the top-five companies, according to a Canalys report.

Detailed explanation-2: -Samsung was named the world’s largest smartphone brand in 2022. Apple and Samsung took the first and second spots in the fourth quarter of 2022. Xiaomi, Vivo and OPPO took third, fourth, and fifth place, respectively.

Detailed explanation-3: -Share of smartphone subscribers in the United States by manufacturer 2013-2022. Apple, Samsung and LG are the leading smartphone OEMs (Original Equipment Manufacturers) in the United States as of September 2022. Apple holds the highest market share with 51.4 percent, a slight decrease from their share in July 2022.

Detailed explanation-4: -Together, Samsung and Apple’s global smartphone shipments market share total 37%, which means that nearly one-third of all smartphones sent out in Q3 2022 were produced by these two companies. Third on this list of top smartphone companies (by shipment) is Xiaomi, which shipped 40.5 million devices in Q3 2022.