updated - August 10, 2020 Monday EDT
Chinese phone maker Xiaomi Inc has entered into a partnership with Taiwan's Foxconn Technology Group to open a manufacturing facility in India in a bid to further strengthen its position in one of the leading smart phone markets in the world.
South Korean tech giant Samsung Electronics Co Ltd onTuesday lowered its earnings guidance for the year as second quarter results fell below expectations due to shortage of its latest smartphone and falling sales in other market.
Rising Chinese device maker Xiaomi surged past better known brands to assume the number two spot of the biggest wearable makers in the world. Xiaomi’s 2.8 million ship outs in the first quarter of 2015 bested that of Samsung’s 0.6 million units, the latest data showed.