Xiaomi’s CEO, Lei Jun, recently unveiled his company’s big plans for global domination… of the mobile world that is. Samsung and Apple need to take note (of the pending apocalypse to their market shares).
We take a look at the data and figures for the third quarter of 2014 to analyse the biggest smartphone market trends this year.
In light of Xiaomi’s recent conquest of the #1 spot in China, Samsung’s Robert Yi questions the rival’s potential success internationally. Competition!
Competition from Xiaomi and Motorola had apparently hurt the success of Android One’s launch in India. Some are predicting greater sales from now on however.
Hugo Barra has detailed some of Xiaomi’s plans for its expansion into India, including new services and a team dedicated to building a long term brand in the country.
Xiaomi sold 720,000 phones in the first 12 hours of Singles Day, for a total of 163 million in revenue. Hugo Barra, the former Googler who heads Xiaomi’s international expansion, took to Google Plus to announce the impressive milestones the company hit in the first 12 hours of Singles Day:
Xiaomi is looking to raise a further $1.5 billion through a private stake sale, which would value the company at just over $40 billion, more than Lenovo and Sony combined.
It turns out that Xiaomi makes a tidy profit from its cheap flagship smartphones, which it almost doubled between 2012 and 2013.
Things aren’t looking very positive at Samsung right now, but who are the players responsible? Is the rise of LG, Xiaomi, and Lenovo, not to mention Apple’s continued success, actually dragging Samsung down?
Xiaomi has announced a $1 billion investment into online video content for its smart TV product range to help it compete in the busy Chinese TV market.