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Samsung falls from perch as top smartphone seller in China
Samsung falls from perch as top smartphone seller in China

For the first time since 2011, Samsung was not the top smartphone seller in China, according to a report.  The South Korean electronics giant saw its second quarter shipments, or sales to retailers, tumble to 13.2 million, down 15% year-to-year in China. Samsung now has a 12% market share in China, behind Xiaomi, a local upstart phone maker, which now holds 14% of the market. Xiaomi -- a company that is only 4 years old -- grew its shipments 240% compared to a year ago, to 15 million during the quarter, according to Canalys, a tech analysis company. The decline in China is worrisome for Samsung as it could signal increased competition in emerging countries from new phone...

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