Xiaomi moves into third place in global smartphone war

CLIMBING THE RANKS: China's Xiaomi Inc has become the world's third-largest smartphone vendor just three years after first hitting the market, trailing only Samsung Electronics Co Ltd and Apple Inc, according to a new industry study. — Reuters

BEIJING: China's Xiaomi Inc has become the world's third-largest smartphone vendor just three years after first hitting the market, trailing only Samsung Electronics Co Ltd and Apple Inc, according to a new industry study. 

Strategy Analytics said Xiaomi accounted for 6% of all 320 million smartphones shipped during July-September. Samsung made up 25%, down from 35% a year earlier due to rising competition from several directions.