1Xiaomi at Down Pursuit
This is the first of the 6 Xiaomi facts you need to know. Being a new Chinese company aged over 5 years only, Xiaomi has become one of the strongest established companies in China, but now its stake is threatened. The company’s sales have gone down compared to previous year. Xiaomi is facing tough competition from Huawei, OnePlus and others.
Recently, Hugo Barra, one of the company’s top executives claimed that 9 out of 10 most used Android smartphones in China’s Tencent belongs to Xiaomi. But now it seems that Huawei has overtaken Xiaomi as the top smartphone seller in China. Huawei’s 81 percent surge in sales year-on-year made it possible to surpass Xiaomi.
Will the company go down even though it has made establishments in other fields such as laptops, tablets, routers, TVs, health, sports, and lifestyle gear?