Apple acquires 14.7 percent stake in China's Xiaomi


(MENAFN) Newly released data showed that Apple has acquired China's Xiaomi to become the largest seller of smartphones in the Chinese market for the first time, Xinhua reported.

Apple grasped 14.7 percent of market share in the first quarter of 2015, surpassing Xiaomi, according to market researcher the International Data Corporation (IDC).

The two firms were followed by state-owned Huawei, then Samsung and Lenovo. Apple, Xiaomi, Huawei, Samsung and Lenovo took up 57.8 percent of the market in the January-March period.

Top spot in China's smartphone market, which is one of the world's largest, but also one of its most fiercely competitive, has been occupied by four different companies in the past five quarters.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.