Xiaomi to Slash Smartphone Line After Conceding India Missteps
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Xiaomi Corp. plans to focus on 5G smartphones and a leaner product portfolio in India, trying to claw back market share lost to rivals including South Korea's Samsung Electronics Co. in its second-biggest market.China's Xiaomi held the smartphone lead in India for years before regulatory headaches and a too-vast product portfolio — which by its own admission confused customers — led to its decline. In the quarter to March, Xiaomi ranked fourth behind Samsung, Oppo, and Vivo in India's smartphone market, according to researcher IDC Corp. India is one of the most intensely contested markets for the world's biggest phone brands, with companies such as iPhone maker Apple Inc. pushing to boost sales in the planet's most populous country. Xiaomi is betting on a gradual recovery, deepen...