Xiaomi to launch new smartwatch in second-half of 2016
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Although there is no word about the smartwatch's specifications, the wearable is expected to launch in the second-half of 2016 and run on Google's Android Wear platform.
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Xiaomi has already ventured into the wearables market with the release of Mi Band, but the company is reportedly planning to unveil the successor to the Band at a media event in China on May 10.
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The company's CEO Lei Jun recently teased the Mi Band 2 at a conference in China, a leading Indian newspaper reported. The new smartwatch is expected to sport an LCD display and physical buttons to enable users to toggle different modes of operation.
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The latest IDC report suggests that Xiaomi's smartphone business has nose-dived, forcing its ranking to drop out of the top five smartphone makers' list. Â
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The report further explains that the global smartphone market is indicating signs of saturation after a sustained decline in growth over the years, and this has forced some leading vendors to look for other lucrative markets like wearables.
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