Chinese smartphone market: Xiaomi overtakes Samsung to No.1
Xiaomi has overtaken Samsung in the Chinese smartphone market within three years to take the top spot, a Canalys report showed.
Xiaomi sold 1.5 crore smartphones in China in the second quarter of 2014 while Samsung could manage to sell only 1.32 crore phones.
Xiaomi holds a 14 percent market share in the world's biggest cellphone market.
Lenovo is placed close behind Samsung by selling 1.3 crore phones. It has a 12 percent market share in China.
With low cost handsets loaded with impressive specifications, Xiaomi will only make further inroads into the Chinese, and the price sensitive Indian market.
In India, Xiaomi was launched this year and has made a splash with its Mi3 phone.
(Posted on 05-08-2014)
Free Yearly Horoscope: Select your zodiac sign