Apple’s China Woes Stoke $20 Billion Xiaomi Rally

While Huawei is likely to gain the most share among Chinese brands in the current smartphone cycle, Xiaomi’s technology should help it fend off rivals including Oppo and Vivo into next year, according to Bloomberg Intelligence analyst Steven Tseng. “In addition, the potential growth opportunity in overseas markets will be in favor of Xiaomi, which has the best overseas presence among all Chinese phone vendors,” he said.

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