How does Xiaomi offer such attractively designed devices with competitive specifications at such low prices? The answer is really as simple as it seems - razor-thin margins. According to a regulatory filing made to the Shenzhen Stock Exchange, Xiaomi, the worlds third largest smartphone maker, made just 347.5 million yuan or around US$56 million last year. To give some perspective, this is less than what Apple makes in a single day. With revenues of 26.6 billion yuan last year, this means that Xiaomi has an operating margin of just 1.8%. For comparison, Samsungs mobile division reported an operating margin of over 18%, while Apple is way ahead with 28.7%. . hardwarezone.sg/tech-news-xiaomi-made-just-us56-million-last-year
Posted on: Tue, 16 Dec 2014 06:05:23 +0000
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