Once believed to be one of the strongest players in the smartphone market, Chinese maker Xiaomi now finds itself in a vulnerable position in its home market after its shipments dropped by nearly 40 percent in Q2 2016, according to a new report by IDC. In the second quarter of the year, Xiaomi shipped just 10.5 million smartphones, 38.4 percent fewer units than in Q2 2015 when it moved 17.1 million devices. A year ago, it held the top spot in China, but now the company has to settle for fourth place, behind Huawei, Oppo and Vivo. In the top… [Continue Reading]