Lenovo Supplants Xiaomi To Become Third-Largest Smartphone Maker

Yesterday, Xiaomi reached a milestone by becoming the third-largest smartphone manufacturer in the world, after Samsung (SSNLF) and Apple (AAPL) in the first and second position, respectively. The achievement didn't last long though, thanks to one of its better-known rivals, Lenovo (LNGVY), that just completed its $2.9 billion acquisition of Motorola from Google (GOOGL). This allowed it to supplant the previous position holder to give the Chinese PC manufacturer the third position in the global ...