Xiaomi overtakes Apple in China

Market research firm Canalys has released a report on the Chinese smartphone market that reveals an upward momentum for local Chinese manufacturers versus a faltering Apple. The market breakdown shows that Huawei was the number one manufacturer in China, followed by Oppo in second, Vivo in third, and Xiaomi in fourth. Apple has been trailing in fifth since early 2016 and holds roughly 10.7% of the market, according to Canalys.

The greatest on-year shipment increases belonged to Oppo, which rocketed from 30 million shipments in 2015 to over 70 million in 2016. Vivo saw a huge jump as well, with roughly 40 million shipments in 2015 versus over 60 million for 2016. While Huawei leads with 76.2 million smartphones out of a total of 131.6 million shipped, their market share increase was modest, up from an already impressive 63 million units. Apple's CEO Tim Cook is still bullish on the company's future in China, however, citing increased revenue from Services and the soon-to-be-released iPhone X.