Xiaomi Unveils ‘Mi Pad’ as Apple-Samsung Challenge Rises
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Xiaomi Corp., the smartphone maker valued at $10 billion, will release a tablet computer in China next month as the company escalates its competition with Apple Inc. and Samsung Electronics Co.
The Mi Pad will have a 7.9-inch screen -- same as the iPad mini -- and use a Nvidia Corp. processor, Lei Jun, founder and chief executive officer, said at a press conference in Beijing today. The tablet will use Google Inc.’s Android software, start at 1,499 yuan ($240) and be made by Foxconn Technology Group.