xiaomi

That’s why Xiaomi smartphones are increasing

Xiaomi is increasingly present and protagonist in the smartphone market worldwide, with its models that now cover all market segments. In recent years, however, we have seen the prices of Xiaomi smartphones steadily rise.

During the most recent investor call, Xiaomi addressed this issue of the increase in prices related to its smartphones on the market. Wang Xiangthe president of the smartphone division of the Chinese giant, said that the prices of Xiaomi continue to rise because the company is increasingly focused on integrating into its devices advanced and high-end technologies.

This leads Xiaomi to select components increasingly top notch, with a consequent need to raise prices on the market. However, Xiaomi has made it known that will continue to cure the same his devices entry-level.

In any case, the numbers on receipts they are not positive for Xiaomi. The latest report indicates that the annual revenue is decreased by 4.6% compared to the first quarter of 2020, as well as the net profit is dropped by 52.9% every year.

Street:
Gizchina

Source:
My Drivers (in Chinese)