Huawei rival Xiaomi grabs market share as profits jump
Electronics company became the third-biggest seller of handsets in the third quarter, shipping 47.1-million units
24 November 2020 - 20:53
Shenzhen — Electronics company Xiaomi on Tuesday reported a 19% jump in third-quarter net profit, beating estimates, as the Chinese smartphone maker's shipments over the quarter surged by 45.3% on a year earlier.
Xiaomi has grabbed market share in China and Europe as its rival Huawei Technologies has faced US sanctions that have hit its supply chain...
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