Numbers just in, however, show that it's lost the top spot to the venerable (in Chinese high tech terms) Huawei which is enjoying a bumper year in the Chinese market with an 81 per cent rise in sales in the latest quarter.
The research firm didn't release its full market share figures, including where Apple stands in China; it said it would release its full report later this month.
"Huawei's ascent to China's smart phone throne is a remarkable feat, especially in the context of an increasingly cutthroat and maturing Chinese smart phone market, " said Jessie Ding, a Research Analyst at Canalys. Xiaomi, on the other hand, is on a slightly different path. The company, valued at $45 billion, declared its mission to sell 80 million smartphones in 2015, but its performance in sales has not been ideal.
Xiaomi has built its success on selling top-spec hardware at a low price. On October. 19, Xiaomi also unveiled its smart Michigan TV 3, TV and video streaming device Michigan TV Bar, and a self-balancing scooter called Ninebot mini, further expanding its offerings in the smart home ecosystem.
More evidence of the elusiveness of sustained advantage in the mobile phone market (unless your name is Apple) comes as last year's big success story, Xiaomi Corp, hits choppy waters in China.
Already established as an worldwide smartphone maker, Huawei made 52 percent of its smartphone sales revenue overseas a year ago.
A number of Chinese manufacturers are looking to move beyond their home market as it slows, particularly looking at the US Huawei sells an unlocked version of its P8 Lite in the United States, while ZTE recently launched the Axon Pro, aimed specifically at that market.
Source: Huawei Dethrones Xiaomi as Smartphone Leader in China: Canalys
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