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Xiaomi Q121 Ships 49m Smartphones, Up >60% Y/Y

Luotu Technology reported that Xiaomi had its best first quarter with 49m units shipped up >60% Y/Y, making Xiaomi the fastest growing brand in the world. In China, the company had a 16% market share with over 70% Y/Y. Luotu Technology further claims that the global shipments of foldable smartphones will double to 4.5 million units in 2021. 
 
Xiaomi uses CPI on the Xiaomi Mi MIX Fold from Cologne Industries. Cologne claims that its CPI film solution currently has a market share of 90% in China. The company’s goal is to hit an annual average annual growth rate of 60% in the global foldable display market. Cologne Industries mass-produced CPI film for the first time in 2019. At first, foldable smartphones were the target application, but then Samsung Electronics changed directions, switching to UTG glass. As a result, Cologne shifted its business to the field of medium and large-size panels for notebooks, rollable displays, and even home appliances.
Prior to this, Cologne had supplied CPI film to the Lenovo’s 13.3″ Lenovo Think Pad X1 Fold.