Xiaomi Corp became the world's third-largest smartphone vendor after outselling rivals in its home market of China with inexpensive devices packed with high-end features.
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Xiaomi had 5.6 percent of the global market in the third quarter, the first time it cracked the world's top three, Strategy Analytics said in an emailed statement on Thursday.
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South Korea-based Samsung Electronics Co remained the largest, followed by Apple Inc.Founder Lei Jun is expanding the Beijing-based company internationally by starting sales in India and Singapore as he targets 10 new markets. Xiaomi, which makes devices using a customized version of Google Inc's Android operating system, keeps costs down by selling directly to consumers online.
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It has set a goal of boosting sales fivefold to 100 million phones next year.Â
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Xiaomi Corp became the world's third-largest smartphone vendor after outselling rivals in its home market of China with inexpensive devices packed with high-end features.
