From CNET: Xiaomi phones continue to be a hit in China, but fierce competition in the country threatens to eat away at the company's market share.
The growing Chinese electronics brand was neck and neck with Huawei in 2015's third quarter, with conflicting reports on which company was China's top smartphone vendor. IHS Technology research provided to CNET showed Xiaomi scored a win with 16.4 percent share against fellow Chinese giant Huawei's 16.2 percent, while research firm Canalys placed Huawei as number one and Xiaomi second.
The Chinese market is tremendously important. Based largely on their sales in the People's Republic, Xiaomi and Huawei presently stand as the world's third and fifth biggest smartphone makers by marketshare respectively, says Counterpoint Research.
Although Xiaomi only began selling phones in 2011, it's quickly become one of the world's most noteworthy brands, receiving a $45 billion valuation last year. A combination of cheap prices, solid specs, and an almost-exclusively online distribution method have helped its Android phones stand out in an already crowded market.
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