Xiaomi rushes out new smartphone to grab hobbled Huawei’s market share
SHANGHAI - China's Xiaomi Corp. has launched its latest flagship smartphone two months ahead of schedule, as it accelerates its drive to grab more market share in China from sanctions-hobbled Huawei Technologies and its recently spun-off Honor budget brand.
Caixin reports that Xiaomi, the world's No. 3 smartphone-maker, introduced its new high-end Mi 11 model on Monday, 10 months after the debut of its predecessor, the Mi 10, in February.
The expedited launch comes, says Caixin, as Xiaomi's biggest domestic competitor, Huawei, reels from the effects of a crippling U.S. campaign that has cut off supplies of handset chips made with American technology.