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Xiaomi, the leading smartphone company in India for the past five years, has seen a significant decline in its market share, dropping from 21% at the start of 2022 to 16% in 2023. This has resulted in Xiaomi slipping down to the fourth position, while competitors like Oppo, Vivo, and Samsung have managed to improve their market standing. The question that arises is, what could be the possible reasons for Xiaomi's recent setback?
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Edited by - Abul Faiz (hasdeindia@gmail.com)
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