Xiaomi is possibly one of the fastest growing manufacturers in recent years, establishing itself as a benchmark in many market segments. Present in virtually every technology segment (smartphones, smart tv, smart gadgets and more), it already has over 500 million users worldwide.
An interesting comparison to get a better idea of the importance of these numbers, there are 170 million more Xiaomi users than the total US population (330 million).
The information was revealed by Zhou Guangping – CFO of Xiaomi – during an interview. Guangping said that strong revenue growth during the first quarter of 2019 (+ 31.8%) was only possible thanks to the increase in the number of users.
Xiaomi's growth has no limits
The Chinese manufacturer's strategy is working wonders. While many have criticized their various bets in the various segments, that bet is proving to be excellent results.
Instead of establishing itself as a benchmark in the world of smartphones, Xiaomi is already famous for many other products. Although many of them are still unique to the Asian continent, such as their Smart TVs, they will eventually eventually reach Europe as well.
In the long run, it seems that Xiaomi can establish itself as one of the most popular manufacturers in a wide range of segments and markets. Especially because it ensures great consistency in the quality of its products, and extremely competitive prices.
Thus, with the recognition of its brand being globalized, its growth should continue to show stable and wide-ranging developments.
EBox editors recommend:
You may also like Did you miss this?