Scalper1 News
Chinese smartphone maker Xiaomi, often called an Apple (AAPL) copycat, is expanding outside of Asia. Xiaomi, pronounced she-yow-me, started selling smartphones in Brazil on Wednesday. It is offering its Redmi 2 for about $160, which is up to half the price of comparable smartphones from rivals such as Lenovo and Samsung, the Financial Times reported. Xiaomi sees Brazil as a stepping stone into Latin America. In Asia, Xiaomi sells smartphones in China, Taiwan, Hong Kong, Singapore, Malaysia, Philippines, India and Indonesia. Also Thursday, Xiaomi revealed disappointing smartphone sales for the first half of 2015. It sold 34.7 million smartphones in the first six months of the year, up 33% year over year. At its current pace, it will miss its unit sales target for the year of 80 million to 100 million, CNBC reported. Xiaomi has been impacted by a broader slowdown in the Chinese smartphone market as well as… Scalper1 News
Scalper1 News