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China’s Hippest Smartphone Maker Warns Of Growing Shakeout

Carl Pei, co-founder of smartphone upstart OnePlus, said disruptive companies like his have triggered a death spiral for handset makers.

“The co-founder of one of China’s hottest smartphone makers says a shakeout in the industry is going to get worse before it gets better as dozens of companies with similar products battle for market share and Apple Inc. collects virtually all the profits in the business.”

Read More at Bloomberg