Tim Culpan, Columnist

Xiaomi’s Growth Model Is Showing Cracks in India

Cheap doesn't buy loyalty.

Xiaomi lost top spot in India to Samsung despite selling cheaper phones.

Photographer: Dhiraj Singh/Bloomberg
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After crowing about how strong it is in India, and how loyal its MiFans are, Xiaomi Corp. can’t hold on to top spot in the smartphone maker’s second-largest market.

Old nemesis Samsung Electronics Co. pipped it in the June quarter after ceding the lead to the Chinese company two quarters prior, according to data released Tuesday night by Counterpoint Research.