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Xiaomi launches 1st laptop, aims to compete Apple and Lenovo

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Xiaomi plans to launch its first laptop early 2016. The company has founded in 2010, and has quickly become one of the red-hot technology companies which earned a name for itself by selling cheap-priced smartphones, tablets, and TVs.

The notebook will be launched to compete with premiere computers like Apple MacBook Air and Lenovo’s ThinkPad. The company has held talks with Samsung regarding the supply of memory chips and the initial agreement may extend to providing displays.

Xiaomi’s venture into PCs comes as growth in its core market winds down. Worldwide smartphone sales recorded their slowest growth rate since 2013 in the second quarter of 2015, according to Gartner. A rapidly maturing home market has prompted Xiaomi to look toward India, Brazil and other less-saturated smartphone arenas.

Samsung too is grappling with slowing sales of its own high-end Galaxy range and in July, it posted a fifth straight drop in quarterly profit.