This is quite the coup as Xiaomi was ranked fourth as recently as the same quarter of last year. However, then number one Huawei has since faced regulatory sanctions from the US government and lost access to the Google suite of mobile software because of it. Huawei has since fallen to only 4% of the smartphone market worldwide after selling off its Honor subsidiary. Xiaomi switched market share figures with Apple from the first quarter. Apple fell from 17% of the global market in Q1 to 14% in Q2, while Xiaomi went from 14% to 17%. The general electronics and apparel conglomerate rose to second place by growing its business an astounding 82% YoY.