Chinese phone maker, Xiaomi, now valued at a whopping $45 Billion

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While most American’s probably haven’t heard of the Chinese phone manufacturing company Xiaomi, their immense success in China has propelled the company into new heights. With the company being previously valued at $4 billion (2012) and $10 billion (2013), rounds have now valued the company at a whopping $45 billion.

How did Xiaomi gain this much success in such a quick time you ask? Clever on-line marketing coupled with cheap/affordable high-powered devices have made them a household name in China. Not only has the company knocked off both Apple and Samsung as the the #1 smartphone manufacture in China, but they are also now #3 world-wide. With over 500 million smartphones expected to be sold in China next year (more than double that is expected to be sold in the US), one can only expect Xiaomi to grow even further. With China clearly under their belt, the Chinese company has their eyes set on the rest of the world starting with India and Brazil, and I’m sure they have hopes of someday being a household name in Europe and possibly even the United States.


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Samsung budget-friendly smartphone leaks with 4.8-inch display, quad-core chipset

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An unidentified entry-level smartphone has been spotted on Samsung’s official website in the form of a User Agent profile. Going by the name of SM-J100H, the handset doesn’t pack much by way of specifications, but it does feature a barometer sensor, which is something that’s usually reserved for higher end devices — leading us to believe that this may be some type of speciality device.


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