India Times — As we draw June to a close, a new report from a reliable supply chain source is suggesting that Chinese manufacturer Xiaomi could be looking to ship nearly 35 million smartphones by the end of the first half of 2015, which is roughly in a few days from now. This doesn’t surprise us one bit, given the frequency at which Xiaomi’s devices are sold in India and elsewhere.
Want China Times — With the domestic market increasingly saturated, Chinese handset makers have turned their focus on India with its similarly huge population but it has proved a tough market to crack, according to a technology blog on web portal Sina. Although brands including ZTE, Huawei, Coolpad, Lenovo and Xiaomi have successfully snatched up the medium and low-end market in China from HTC and Samsung, they face tough home-grown rivals in India.
Times Of India — NEW DELHI/CHENNAI: An old Pepsi building in Sri City in Andhra Pradesh will soon start humming with activity again. That’s where Foxconn Technology Group, the world’s largest contract manufacturer, will make phones for Chinese brand Xiaomi. Foxconn had begun work on the site across from the Tamil Nadu border two months after shutting down the third and last of its plants in that state in February. The Sri City unit won’t be too big — it will make about 10,000 phones a day — but Foxconn has ambitious plans for India that could eventually make the country a key manufacturing base for the company, comparable with China.
NEW DELHI: Xiaomi announced a drop of Rs 5,000 on its top-of-the-line Mi 4 smartphone on June 19, four months after its launch. Not to be outdone, Samsung offered a discount of Rs 6,000 on its Galaxy Grand Max but just for one day. These dramatic cuts reflect the intensity of the fight for buyers and the volatile nature of the Indian market, the world’s largest after China. Samsung and Micromax are the top two smartphone sellers in India with a combined share of 48%, although it’s not always clear which one of the two is ahead. But even more hotly contested are the next three slots.
Lei Jun, CEO of China’s leading smartphone manufacturer Xiaomi, said the Internet Plus concept proposed by Premier Li Keqiang in March will lead to a new Made-in-China movement that will sweep all industries, especially manufacturing, in ten years, reports the Guangzhou-based 21st Century Business Herald. The concept of Internet Plus is not new to Xiaomi. The company has applied it to different sectors, such as TV and e-commerce.
NEW DELHI: Chinese device maker Xiaomi has announced a price cut for the 64GB variant of its Mi 4 smartphone. The company which had announced a Rs 2,000 price cut in April has now decided to reduce it further by another Rs 2,000. The Mi 4 64GB is now available at Rs 19,999. The phone was originally launched in February at Rs 23,999. The 16GB variant is available at Rs 17,999. Successor to the Xiaomi Mi 3, the phone features a stainless steel metal frame and a 5-inch full HD display made by Sharp or JDI. It also has changeable plastic back covers.
Chinese tech company Xiaomi on Wednesday announced investment of US$1 billion to build up business in online video. The move comes as tech giants around the globe scramble to expand their video business, seen as a vital driving force in cyber connectivity. Lei Jun, CEO of the smartphone manufacturer, said Xiaomi would form an association with video-sharing websites and film makers, but the company would not make content itself.
NEW DELHI: Xiaomi has secured second rank in the global wearables market both in terms of shipments and market share, according to an IDC report. The Chinese brand, which is preceded by Fitbit at the top spot, has taken just over a year to get to the second spot. The Mi band priced at Rs 999 hit the market in China in August 2014 before expanding to Indonesia, Malaysia, Singapore, Hong Kong, China and finally India in April 2015. Xiaomi had partnered with Huami Technologies — another startup — to bring the Mi band to the market.
NEW DELHI: Details of Chinese smartphone maker Xiaomi’s upcoming Mi 5 smartphones have leaked online once again, giving a glimpse of what to expect from the new model. The leak, which comes courtesy technology website Mobile-Dad.com, says that the handset will be launched in November and run on the upcoming Qualcomm Snapdragon 820 processor. Compared to the Mi 4 smartphone, Xiaomi Mi 5 screen will be larger: 5.5-inch. The smartphone will also receive a resolution bump 1440x2560p from Mi 4’s 1080x1920p.
Xiaomi Technology expects its revenues from cloud storage services in 2015 to hike on year by 4-5 fold, according to company chairman and founder Lei Jun speaking at the Global Big Data Era Guiyang Summit 2015 in Guiyang, southwestern China. In order to meet Big Data demand from users of its smartphones and other smart devices, Xiaomi has invested US$1 billion to develop cloud storage services through cooperation with China-based software developer Kingsoft and began to provide the services in 2014, Lei said.
Xiaomi, a 5-year-old upstart, whose tablets and smartphones have enjoyed remarkable sales in China, is now setting shop in Europe and the U.S.; however, smartphones and tablets will not be featured in the company’s European and U.S. markets. Xiaomi plans to launch an online platform for U.S. consumers this coming Monday evening. Through this online marketplace, consumers will enjoy a variety of accessories that include portable battery backs, headphones, and activity trackers. Later on Tuesday, Xiaomi will also hit the ground running in France, Germany and the U.K., according to Billboard.
Google will continue to roll out its next-generation Nexus smartphones, and a number of handset vendors including Lenovo, Xiaomi Technology, Huawei and LG Electronics are likely to gear up efforts for winning the cooperation project, according to sources at Taiwan’s supply chain. But since LG has produced the Nexus 4 and Nexus 5, Google is more likely to choose China-based handset makers as new partners, either for strengthening its presence in China or supporting the development of new production partners, said the sources.
Xiaomi, which uses Qualcomm’s Snapdragon 810 SoC for its Note-series smartphones, will likely switch back to MediaTek for its flagship smartphones, according to industry sources. Xiaomi uses Qualcomm’s Snapdragon 810 SoC for its latest flagship series – Mi Note – compared to the company’s previous flagship models utilizing MediaTek’s solutions. Nevertheless, MediaTek with its recently-unveiled 10-core chip, the Helio X20, is expected to attract orders from Xiaomi, the sources said.
Lei Jun, founder and CEO of Chinese smartphone manufacturer Xiaomi, said on May 13 that the smartphone market in China has encountered a bottleneck for innovation and that growth has been slowing down, reports Sina’s tech news portal. It is not necessarily a bad thing, however, Lei said. Handset makers always have to take care of user needs such as battery life and the display quality.
Xiaomi Technology shipped 14.98 million smartphones in the first quarter of 2015 compared to 11 million units shipped a year earlier, the China-based 163.com quoted company CEO Lei Jun as reporting. Xiaomi’s smartphone shipments reached 61.12 million units in 2014. In related news, a recently released IDC report indicated that Xiaomi shipped 13.5 million smartphones in China in the first quarter of 2015, accounting for a 13.7% share, trailing after only Apple which shipped 14.5 million units for a 14.7% share during the same period.
HONG KONG: The most important market for Chinese smartphone makers may no longer be China. For years, hundreds of millions of Chinese have bought new smartphones. In the process, they lifted the fortunes of local handset makers, from the well known like Huawei and Lenovo to the obscure like Coolpad and Gionee. But the era of fast growth is coming to an end in China, where the research group IDC said that phone sales fell 4% in the first quarter from a year earlier, the first contraction in six years. IDC expects no growth in China’s smartphone market in 2015.
BEIJING: Apple has for the first time overtaken Xiaomi to become the largest vendor of smartphones in China, one of the world’s largest markets. Apple grabbed 14.7% of market share in the first quarter of 2015, surpassing Xiaomi, which had a 13.7% share, according to market researcher the International Data Corporation (IDC). The two companies were followed by state-owned Huawei, then Samsung and Lenovo.
Like Baidu and Alibaba, Xiaomi is eyeing China’s finance industry and seeing dollar signs. Today the company is officially launching a money-market fund called Huoqibao inside a new standalone app called “Xiaomi Finance.” Like the Alibaba-affiliated Yu’ebao, Xiaomi’s Huoqibao lets consumers save excess cash and earn interest from it. After registering for a Xiaomi Finance account with one’s national ID, users can bind a bank card to the app can store as little as RMB 1 (about US$0.15). The fund is managed by China’s E Fund Management and currently offers an annual return rate of 4.26 percent.
Targeting sales of 80 million phones this year, Xiaomi is planning to end “flash sales” of small quantities of its best-selling products. The fast-rising company is China’s largest smartphone vendor, but its devices haven’t always been easy to buy. Xiaomi typically sells limited quantities of its smartphones once a week through its website, forcing customers to often scramble to place orders online. Chinese media have dubbed Xiaomi’s distribution model as a form of “hungry marketing”, that leaves consumers starving for more products. It’s also been the harshest complaint leveled against the company, said Xiaomi president Lin Bin on Tuesday.
As the Apple Watch is fueling business opportunities for smart wearable devices, the wearables market in China is estimated to surge from 2.2 billion yuan (US$355 million) in 2014 to 13.6 billion yuan (US$2.2 billion) in 2015 and 23 billion yuan (US$3.7 billion) in 2016. To win a slice of this prospective market, many listed Chinese tech companies are actively proceeding with their products, our sister paper Want Daily reports. Among them are Xiaomi, ZTE, Huawei, Qihoo 360, and Baidu, all of which have kicked off investments in the burgeoning industry to cash in on the potentially lucrative market for smart wearable devices.