- Xiaomi, a privately-owned Chinese smartphone and software maker, became Chinas top smartphone maker by market share in the second quarter of 2014 according to industry tracker Canalys. - Canalys estimates Xiaomi shipped about 15 million smartphones in the three months ending June, surpassing previous leader Samsung. Samsungs market shipments fell 15 percent year-on-year to 13.2 million phones. - Xiaomi on July 2 reported that sales for the first six months of the year had risen by 149 percent to 33 billion yuan ($5.34 billion). It did not report any profit figures. - On July 31, Samsung Electronics reported its worst quarterly profit in two years and flagged uncertain earnings prospects for its key handset business. - Operating profit for the Korean groups mobile and IT division fell to 4.42 trillion won ($4.3 billion) from 6.28 trillion won a year ago, also the lowest in two years. - Reuters: Xiaomi unseats Samsung to gain Chinas smartphone throne: report - Reuters: Xiaomis star rises as Chinese handset makers gnaw at Samsungs share: report Source: in.reuters/article/2014/08/06/breakingviews-xiaomi-china-idINL4N0QC05P20140806
Posted on: Wed, 13 Aug 2014 04:38:52 +0000
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