Samsung Dominance Threatened as Xiaomi Gains Traction
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Samsung Electronics Co.’s reign at the top of the global phone industry has been defined by rising earnings and expanding market share. Not anymore.
Quarterly profit posted today by the Suwon, South Korea-based company was the lowest since it became the largest mobile-phone producer in 2012. That was compounded by stagnating sales as Xiaomi Corp. and Lenovo Group Ltd. led the charge by Chinese vendors against Samsung’s marquee Galaxy S series.