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Tim Culpan

Xiaomi in the U.S.? Sure

Whether the Chinese firm actually ships phones or not is beside the point.
Photographer: Zhang Peng/Getty Images

Xiaomi Corp. expects to sell smartphones in the U.S. by the end of this year or early next, founder and chairman Lei Jun told reporters on the sidelines of China's National People's Congress, the Wall Street Journal reported.

Although overshadowed by a larger market in Asia, the U.S. mobile sector is a lucrative one, with consumers there spending twice as much per phone.