Xiaomi overtakes Samsung in India smartphone sales

Xiaomi Corp has displaced Samsung as the top smartphone vendor in India, the world's fastest-growing major smartphone market, a new report said on Thursday.

Xiaomi achieved that performance within just three years. Lin Bin, president of Xiaomi, said if overseas markets maintain such strong momentum, the Beijing-based company will sell more smartphones in foreign countries than it does in China in 2020 or 2021.

According to the report by market research company Canalys, Xiaomi delivered nearly 8.2 million units in the fourth quarter of 2017 in India. Despite annual growth of 17 percent, Samsung failed to maintain its lead, shipping just over 7.3 million smartphones to take second place.