Xiaomi falters in quest to beat Samsung, Apple as sales slow in third quarter amid global chip shortage, stiff competition in China

Source: China – South China Morning PostXiaomi Corp’s quest to become the world’s largest smartphone vendor in three years hit a speed bump in the third quarter, as sales slowed because of the global semiconductor shortage and weak demand in China’s highly competitive handset market.“The [chip] shortage could result in fewer shipments of 10 million to 20 million units,” said Xiaomi president Wang Xiang in a conference call on Tuesday after the market closed. He estimated shipments this year would be about 190 million units, compared…Read More

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