Lei Jun, CEO of China's smartphone manufacturer Xiaomi, introduces the research and development process of Xiaomi products during its annual new product release conference held in Beijing, capital of China, July 22, 2014. Xiaomi released its new smartphone product Mi4 on its annual new product release on Tuesday. [Xinhua] |
No 5 Inexpensive smartphones
Although Apple and Samsung are still popular around the world, China's domestic smartphone brands are making major inroads.
While having more or less same features as high-end phones, Chinese smartphone brands, such as Xiaomi, Huawei, ZTE and Lenovo, have the price advantage. One of the major success stories is the smartphone brand Xiaomi. It is now a big player in the Indian market, and also has offices in Brazil and Southeast Asian countries.
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