The company relies on smartphone sales at home to replenish its balance sheet, fuelling the vast R&D investments it makes each year. The industry berth for a tier-one Chinese smartphone exporter is now vacant—but perhaps not for long. But the company had wanted to be nearer the 300 million mark, closing down on Samsung, increasing its market share. Instead it warned that 2020 would be tough, cautioning that smartphone sales would shrink. Right now, Xiaomi has a unique opportunity to strip away market share with Huawei helpless on the Google front.

Source: Forbes May 16, 2020 21:11 UTC