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January 15, 2016

xiaomi has just set the alarm bells in the mobile industry ringing

chinese smartphone maker Xiaomi has set alarm bells ticking"



 Xiaomi numbers disappointed analysts as  the chinese mobile phone maker " declared that it had missed its target of “80 to 100 million” mobile devices which it was projected to sell by the end of 2015.
According to a post on Sina Weibo (link in Chinese) from co-founder Lin Bin, the hardware company sold 70 million devices last year of falling markets
This comes amidst the slowdown in china as economies around the world, specially the stock markets took a heavy battering as chinese  debt levels  increased sharply, which has resulted in 2 consecutive weeks of bloodbath in global stock markets
That marks an annual increase of about 16%—a sharp slowdown in growth compared to the year before, when it saw sales jump 226%.