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Re: Xiaomi to rival iPhone 6 Plus with new Mi Note smartphone
Right and wrong. Xiaomi's profits are thin. In that respect it's more like Amazon than Apple, Lei Jun has already admitted.
But what people don't realize is that revenues are doubling every year, and most of it is reinvested in new technology (smart TV, cloud services) and software companies (including Silicon Valley's Misfit) or used for acquisition of new companies. The Xiaomi ecosystem is already a multi-billion empire consisting of some 25 companies.
Long term goal: develop international branding, grow the company into a $100 bil conglomerate, unite tech giants and innovators into a giant ecosystem.
I read that Xiaomi's profits are razor thin. That is how they are able to offer attractive prices. I doubt they make enough $ to invest in R&D like Apple. Apple designs their own CPU i.e. currently the A8 & writes their own OS. They also have a very strong eco system.
Right and wrong. Xiaomi's profits are thin. In that respect it's more like Amazon than Apple, Lei Jun has already admitted.
But what people don't realize is that revenues are doubling every year, and most of it is reinvested in new technology (smart TV, cloud services) and software companies (including Silicon Valley's Misfit) or used for acquisition of new companies. The Xiaomi ecosystem is already a multi-billion empire consisting of some 25 companies.
Long term goal: develop international branding, grow the company into a $100 bil conglomerate, unite tech giants and innovators into a giant ecosystem.