Xiaomi is officially the third largest global smartphone manufacturer behind Apple and Samsung

The Xiaomi M4 , the company's latest flagship
The Xiaomi M4 , the company’s latest flagship

Chinese phone maker Xiaomi (Pronounced as Shaomi) is basking in the lime-light this year both at home and in India. According to Strategy Analytics, Xiaomi’s has claimed the third position in the global smartphone manufacturers list, and has jumped from number five to three.

In the third quarter of 2014, Xiaomi shipped 18 million handsets, compared to 5.2 million a year ago. The increase in sales numbers means that Xiaomi now has a 5.2 percent market share, up from 2.1 percent in Q3 2013. Samsung leads the way with 79.2 million shipments and a 24.7 percent market share, which when juxtaposed against the vendor’s Q3 2013 numbers of 88.4 million shipments and 35 percent market share highlight the declining demand for the South Korean manufacturer.

Apple came in at second place with 9.3 million shipments, accounting for 12 percent of the global market share, which is a decline from the 13.4 percent boasted by the vendor in Q3 2013. LG, thanks to its record quarter, was able to snag fourth place with 16.8 million sales.

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The phone that rocketed Xiaomi’s to fame is the Mi 3, which saw unprecedented demand in countries like India due to its aggressive pricing combined with stellar hardware. Sold in the country for what amounted to $220, the Mi 3 offered a 5-inch full-HD screen, 2.3 GHz Snapdragon 800 CPU, 2 GB RAM, 16 GB internal memory,13 MP camera and a 3,050 mAh battery. The successor to the Mi 3, the metal-clad Mi 4 (shown above), is scheduled to make its debut in India later this year.

Would you consider getting yourself a Xiaomi?