Chinese Smartphone Market: Xiaomi Overtakes Samsung To No.1

NEW DELHI: Xiaomi has overtaken Samsung in the Chinese smartphone market within three years to take the top spot, a Canalys report showed.
China's Xiaomi has become the fifth largest smartphone maker in the world. The Chinese company reached this milestone in just three years
Few days back Xiaomi, China's front runner in Smartphone market, announced its entry into the highly competitive Indian market with the launch of its
first smartphone that was exclusively available online from 22^nd July through Flipkart at a price tag of 13,999
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
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