Xiaomi handset shipments slump by 38 percent in China
Chinese rising star Xiaomi has lost its luster, after its smartphone shipments were eaten up by local rivals during Q2.
Chinese rising star Xiaomi has lost its luster, after its smartphone shipments were eaten up by local rivals during Q2.
Recent Kantar research suggests that Apple's smartphone share in China has further declined, with the company currently sitting behind Huawei and Xiaomi.
Chinese smartphone maker Xiaomi announced reservations of its latest flagship model the Mi 5 have exceeded 16 million, indicating a serious supply shortage.
Industry experts believe the relaunch of Apple's trade-in program in China indicates the US giant is losing steam in the world's most populated market.
Dong Mingzhu, chairman and president of Zhuhai-based Gree Electric, the world's largest specialized air conditioner manufacturer by sales, is apparently unsatisfied with its dominance only in the air-conditioner segment.
Latest research notes indicate Huawei has led smartphone shipments in the world's largest market in the third quarter, while Xiaomi's sales lost momentum.
Chinese smartphone maker Xiaomi has been reproached for falsely advertising certain parts of its recently released handset, the Redmi Note 2.
A number of well-known handset brands in China are promoting their own trade-in programs amid lacklustre smartphone demands in the market.
Demand for expensive handsets expands dramatically in China despite of a notable retreat in total shipment seen in the country in recent quarters, according to research firm GfK.
Huawei Technologies has recently been granted a key approval from the Indian government that paves way for the Chinese telecom giant to make handsets in one of the world's fastest-growing markets for phones.