How Did Xiaomi Gain So Much Market Share So Fast?

The video discusses Xiaomi's rapid market growth due to its low-cost products, making it affordable for the average Chinese consumer. It contrasts Xiaomi's strategy with Apple and Samsung, highlighting how Xiaomi targets budget-conscious customers while Apple focuses on high-end users. Samsung faces challenges being stuck in the middle market, leading to a decline in its market share. The video also notes the rise of Asian competitors in the global smartphone market.

In what ways do Xiaomi and Apple differ in their target customer base?

What is the significance of the market share percentages mentioned for Apple, Samsung, and Xiaomi?