Thursday, July 26, 2012

China's "millet" phone maker hits nearly $1 billion in H1 sales

SHANGHAI (Reuters) - Chinese smartphone maker Xiaomi Technology said it racked up 6.1 billion yuan ($955 million) in revenue in the first half of this year with sales of more than 3 million devices, tapping rapid growth that is fostering domestic brands and is set to make China the world's biggest smartphone market this year.

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