Xiaomi Become Top Smartphone Vendor in China During Q2 (AAPL)

While Apple (Nasdaq: AAPL) is looking to take more share of the robust Chinese smartphone market, one competitor regained the top spot last quarter.

According to data from Canalys, China's Xiaomi has 15.9 percent of the Chinese smartphone market, while Huawei holds 15.7 percent.

Apple is in third, While Samsung and Vivo round out the top five.

“The China smart phone market continues to mature, remaining stagnant quarter-on-quarter. Competition among major brands has never been so intense. Huawei recorded the highest smart phone shipments in its history without compromising its product margin or profitability. Apple and Samsung have both increased their sales activities in the China market, expanding rapidly in channel coverage through flagship stores and small to medium size phone retailers respectively. Xiaomi is under immense pressure to maintain its top position in the quarters to come,” said Jingwen Wang, Analyst at Canalys.

Shares of Apple are down 0.2 percent.

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