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Benzinga

China’s Xiaomi, Realme, Honor Gained Market Share At Apple’s Expense Following US Sanctions On Russia – Here’s How

China saw a significant market share jump in the Russian smartphone market in May as manufacturers like Apple Inc (NASDAQ: AAPL) and Samsung Electronics Co, Ltd (OTC: SSNLF) paused new sales in the country following its Ukraine invasion, Reuters reports. Chinese manufacturers Xiaomi Corp (OTC: XIACY), Realme, and Honor accounted for 42% of Russia’s smartphone sales in May 2022, up from 28% in May 2021. Also Read: US Warns China Against Helping Russia In Ukraine War Samsung saw 14% of devices sol