The Chinese smartphone maker, Xiomi surprisingly become the worlds third largest smartphone vendor in the world. The Xiomi came to the third position trailing technology giants Samsung and Apple.
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Samsung profit dropped around 49% in the latest quarter of the year. At $4 billion which is smallest quarterly profit since 2011 as margins are squeezed by the new iPhones and China’s Xiomi. Samsung has already lunched Galaxy Note 4 and Galaxy Alpha to tackle with iPhones. The company is now eyeing to regain its lost market share to Xiomi by introducing Galaxy A-series smartphone- A3, A5, A7 which is expected to be arrived in November.
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