Research and consulting firm Omdia announced that, in 3Q25, the smartphone market in mainland China declined by 3% YoY. The market remains in an adjustment phase, while competition among major manufacturers intensified, with shipment gaps between leading manufacturers continuing to narrow.

Vivo regained the top spot with shipments of 11.8 million units (a 9% YoY decline), capturing an 18% market share.

Apple (AAPL.US) continued its strong momentum from the previous quarter, with shipments of 10.1 million units (a 1% YoY increase), rising two places YoY to return to the top three (Apple's market share is 15%).

XIAOMI-W (01810.HK) shipped 10 million units (a 2% YoY decline), ranking fourth, with a 15% market share, while OPPO ranked fifth with a shipment volume of 9.9 million units.

XIAOMI-W's stock price cascaded 3.1% to close at $47.96 at midday.
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AASTOCKS Financial News
Website: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
XIAOMI (C)	15669	60.93 (-)	0.042	5.8 X
XIAOMI (C)	14590	56.04 (-)	0.107	3.8 X
XIAOMI (C)	15792	55.93 (-)	0.108	3.8 X
XIAOMI (P)	14219	46.45 (-)	0.122	3.1 X
XIAOMI (P)	16080	38.53 (-)	0.054	4.0 X
XIAOMI (Bull)	56314	44.6 (45)	0.023	20.2 X
XIAOMI (Bull)	58670	43.1 (43.5)	0.038	12.2 X
XIAOMI (Bear)	69644	52.4 (52)	0.049	9.5 X
XIAOMI (Bear)	56394	50.4 (50)	0.034	13.7 X
APPLE (C)	10758	243 (-)	0.530	5.4 X
APPLE (P)	10793	210 (-)	0.086	6.8 X