Xiaomi Unveils New Smartphones as Apple and Samsung Falter

Lei Jun (R), founder and chief executive of Xiaomi Corp., and Hong Kong actor Tony Leung Chiu-wai, pose for pictures at a launch event for the new smartphones Mi Note 2 and Mi MIX in Beijing on Oct. 25. Photo: Visual Chin

(Beijing) —Xiaomi Corp. has unveiled its futuristic ceramic Mi MIX "phablet," a move seen by industry-watchers as strategically important to the brand's future, as the Chinese company simultaneously launched its flagship Mi Note 2.

Xiaomi rolled out the two new smartphones in a bid to regain its former spot as China's top-selling phone maker, as Apple reported a drop in iPhone sales and Samsung remained mired in controversy over the exploding batteries in its now-defunct Galaxy Note 7.

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