Xiaomi raises more than $1 billion in funding, valuation in excess of $45 billion
posted by Maxwell R. / Dec 21, 2014, 12:24 AM
Xiaomi has been making quite the name for itself with an impressive line-up of affordable smartphones. Even one of its more recent releases, the Mi4, is a flagship contender with potent and current hardware, and exceptional build quality, all for under $400.
On the entry-level end of the spectrum, Xiaomi’s Redmi 1S also packs quality specs, like a Snapdragon 400, and a 720p 4.7-inch display, for under $100 in developing markets like India. Rumor has it that we will get to see a new flagship announcement, the Mi5, at CES next month in Las Vegas. Former Google executive, Hugo Barra, is the company’s Global vice-president and he has been adamant about ensuring timely OS updates to the product line-up. Xiaomi even has its own app store.
Xiaomi has already surpassed Samsung’s shipment volume in China, and while no future is guaranteed, we can expect to see the new smartphone darling of China to continue expanding.
source: The Wall Street Journal
Posts: 3243; Member since: Nov 15, 2013
era of expensive phones will be over soon
posted on Dec 21, 2014, 12:29 AM 6
Posts: 6794; Member since: Mar 29, 2012
While i support cheaper smartphone available to all. There are sign that XiaoMi is increasing its average selling price for better profit margins. Phase 1 - brand building phase is over. Phase 2 - high availability and to reach more markets. They need fund to open new markets and pay of those expensive parasitic agency.
posted on Dec 21, 2014, 10:27 PM 0
Posts: 2236; Member since: Jun 14, 2013
Delusional investors. This is a company that everyone THOUGHT banked half a billion for 2013, and it ended up being $56 million. They aren't making any money and they can't expand, because the moment they do, every major mobile company will shut that $hit show down because we all know Xiaomi are major IP thieves.
posted on Dec 21, 2014, 1:15 AM 4
Posts: 240; Member since: Oct 11, 2014
Are you upset that Xiaomi is a better company than Apple?
posted on Dec 21, 2014, 3:42 PM 2
Posts: 193; Member since: Jul 14, 2012
I think hes doesnt have a clue on how to capture a market, they are not stupid they know the only way to beat rivals is to sell cheap with low margins. Xiaomi is a popular brand now and pretty soon they will manage to increase their profits.. apple and samsung were thieves as well you dont get anywhere by being the nice guy.
posted on Dec 21, 2014, 8:33 PM 0
Posts: 1542; Member since: Nov 17, 2013
This is exactly it, this is a purely equity driven company. As soon as the paradigm shifts away from the black bar smart phone shape, Xiaomi is left with without it's own originality to continue it's sales volume. Their customers are from the price sensitive demographic, so it's also a matter of time before another OEM simply out prices Xiaomi.
posted on Dec 21, 2014, 10:27 PM 0
Posts: 1071; Member since: Mar 10, 2014
I'm used to be their supporters at the days of Mi3 but with some issues such as stealing techs that worsen their image It's hard to actually support them anymore. I personally have no problem with cheaper products but if that alleged stealing or lawsuits are true, they're probably going to only be successful in China and some other developing countries.
posted on Dec 21, 2014, 9:01 AM 1
Send a warning to post author
Send a warning to Selected user.
The user has 0 warnings currently.
Next warning will result in ban!
Ban user and delete all posts
Message to PhoneArena moderator (optional):