China’s Xiaomi becomes world’s third biggest smartphone maker without leaving Asia

Over the past three months, more than 327 million new smartphones were shipped out from factories around the world, and young Chinese company Xiaomi has been responsible for more than 5 percent of them. That, according to IDC’s latest figures, is enough to place it in third spot behind established leaders Samsung and Apple, overshadowing global competitors like Lenovo and LG. Xiaomi’s rise has been remarkable both for how quick it has been and for the fact that the company still operates primarily in its home market of China. It has recently broadened its reach to adjacent countries in Southeast Asia like India and Singapore, but its growth remains testament to the incredible explosion in smartphone demand that China is experiencing.

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