Xiaomi has just announced the Redmi 2, a new mid-range device complete with an assortment of colors, LTE, a Snapdragon 410 (64-Bit) for just $112 (!)
2015 may have only just begun, but the first smartphones of the year are right around the corner. CES, which is less than a week away, will give us our first glimpse at this year’s smartphones, and there will be plenty more to come over the next twelve months.
Average smartphone profits for Android hardware manufacturers have roughly halved over the past year, despite huge growth in global shipments.
Having raised $1.1 billion in its latest round of fund-raising, Xiaomi has been valued at $46 billion, making the Chinese company the most valuable technology startup around.
Lei Jun, CEO of Xiaomi, has disclosed that the company will be unveiling its next flagship device in January, although device specifics remain under wraps.
Huawei’s Honor brand of smartphones has seen a massive jump in sales from 1 million units per year to 20 million
This year, Xiaomi has proven that its possible to turn a profit from low-cost smartphones. Other OEMs look set to follow suite with their own e-commerce only products.
As Xiaomi’s parent company finishes yet another whirlwind round of capital-creating campaigning, the Wall Street Journal has indicated it’s valued at $45B.
Xiaomi obtained a partial lift of the injunction banning it to sell smartphones in India, after a Delhi court decided that its Qualcomm-powered devices should not be affected by the ban.
With the Q3 numbers for smartphone sales in from Gartner, Samsung and Apple surprisingly only combined for a total of 37% of the 301 million devices sold, with Xiaomi pushing its way into the top 5 list.