How is Xiaomi able to sell such cheap phones with moderate specs and still be in business?
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Easy: government cheese and subsidies, 100% tax rebates for factories located in special economic tax free zones, integrated 100% local supply chain, and know-how from skimming talent and IP/technology learned from decades of manufacturing. They make toothbrushes to electric cars and can’t fail because it is a state enterprise masquerading as a stock listed company.
The cheap phones could possibly be a loss leader for them, and really are dirt cheap for the performance given.
Easy: government cheese and subsidies, 100% tax rebates for factories located in special economic tax free zones, integrated 100% local supply chain, and know-how from skimming talent and IP/technology learned from decades of manufacturing. They make toothbrushes to electric cars and can’t fail because it is a state enterprise masquerading as a stock listed company.
The cheap phones could possibly be a loss leader for them, and really are dirt cheap for the performance given.
they get deals from factories for parts, which dictates of what the phone will look like. Who is able to react the fastest?
they get deals from factories for parts, which dictates of what the phone will look like. Who is able to react the fastest?
they get deals from factories for parts, which dictates of what the phone will look like. Who is able to react the fastest?
They earn less money per unit, but more people buy them. Expensive devices like iPhones or high-end Samsungs etc. are not affordable to the vast majority of the world population. Americans wouldn’t buy iPhones either if they cost $4000. It is brands like Huawei, Xiaomi and others in their price ranges that lead the way in less affluent areas.
They earn less money per unit, but more people buy them. Expensive devices like iPhones or high-end Samsungs etc. are not affordable to the vast majority of the world population. Americans wouldn’t buy iPhones either if they cost $4000. It is brands like Huawei, Xiaomi and others in their price ranges that lead the way in less affluent areas.
They earn less money per unit, but more people buy them. Expensive devices like iPhones or high-end Samsungs etc. are not affordable to the vast majority of the world population. Americans wouldn’t buy iPhones either if they cost $4000. It is brands like Huawei, Xiaomi and others in their price ranges that lead the way in less affluent areas.
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