Chinese smartphone maker Huawei’s loss has been its compatriot Xiaomi’s gain. Keeping hold of those gains, however, might be more challenging than investors expect.
Xiaomi on Tuesday reported a stellar performance for the quarter ending in September: revenue grew 35% year over year while operating profit more than doubled. The company sold 45% more smartphones globally in the quarter compared with a year earlier, making it the third largest smartphone maker in the world for the first time.
The…
