Apple and Samsung in Xiaomi Crosshairs, but is the bubble about to burst? - 2 views
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sagark on 02 Jan 15Chinese smartphone startup Xiaomi recently made headlines thanks to the tremendous success of their Redmi Note 4G model. Put up on a flash sale on Indian ecommerce website Flipkart, all 40,000 handsets sold out in six seconds! According to an FMI analyst, Samsung, LG, Lenovo and Apple particularly, rely on the sales of their high-end handsets. In fact, it was the unprecedented sales of LG's low-end mobiles this year that helped them to achieve high sales. 2014 was the first time LG's annual sales exceeded 15 million handsets.