Fast-rising Chinese handset maker, Xiaomi, is scaling back some of its international expansion plans, and won't be entering Latin American markets as soon as expected.
A day after China's Xiaomi said it wanted to become the world's number one smartphone vendor, an Apple executive weighed in and told the Chinese company to hold its horses.
Although better known for its smartphones, China's Xiaomi is spending big to prop up its fledgling smart TV business, with a new investment in an online video company belonging to Chinese search engine Baidu.
Fast-rising smartphone maker Xiaomi has quickly become one of China's biggest tablet makers as well, but Apple is still holding steady as the country's top vendor, according to new data.
The fast-rising Xiaomi has extended its hold over China's smartphone market, and continues to lead as the country's biggest vendor, with Samsung Electronics lagging in second place for the second quarter in a row.
With Chinese vendors coming out with high-spec phones at affordable prices, Samsung is hitting back with two handsets sporting "metal unibody" designs that'll be targeting consumers in China with mid-range prices.
Smartphones during the third quarter again accounted for about 70 percent of total mobile phone shipments. Prices need to fall even further to attract more users in emerging markets, but that won't happen overnight.
Phones from Xiaomi still haven't arrived in the U.S., but the company's booming sales in China have been enough to make it the third largest smartphone vendor in the world.
Facing claims that the company lifts too much from Apple, Chinese smartphone maker Xiaomi defended its design philosophy and said the whole industry is constantly innovating on the ideas of the competition.
Chinese smartphone maker Xiaomi is moving customer data and its Internet platforms to servers outside China, only months after the company apologized over privacy concerns.
In China's smartphone market, Lenovo wants to fight fire with fire against rival Xiaomi by setting up a new mobile devices company that will use a separate brand, and leverage the Internet to sell directly to consumers.
The popularity of large screen smartphones, known as phablets, isn't abating, and demand for the devices is expected to outstrip that for portable PCs, according to research firm IDC.
Xiaomi may have been crowned the number one smartphone vendor in China, but it is Oppo who is expanding into the western world with an Australian launch scheduled within the fortnight.
Australian resellers of Xiaomi smartphones and tablets have ceased trading following a mandate given by the Chinese smartphone maker Xiaomi.
The 'little rice' that could
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