The ongoing component shortages and extensive Covid-induced restrictions in several regions of Europe and Asia hit smartphone shipments in the second quarter of 2021. Global shipments fell 7 per cent on quarter in April-June, according to the latest Counterpoint Market Monitor data. The shipments were 19 per cent higher on year as higher vaccination rates in major economies prevented the need for clampdowns similar to the year-ago period. Xiaomi was the biggest gainer in the June quarter, clocking an 8 per cent sequential growth in shipments. Its on-year shipments grew a whopping 98 per cent, backed by robust demand for the Redmi Note 9, Redmi 9, and Note 10 series. Sales of the Mi 11 series smartphones in the premium segment was also strong. Xiaomi achieved its highest-ever Q2 revenue in the smartphone segment, backed by a strong mix of lower-to-mid and premium handsets. The Chinese brand shipped over 50 million units on its way to becoming the second-largest brand in the world.