China Smartphone Maker Xiaomi Wants a Bite of Apple

By: Gizbot Bureau

Shanghai, Jan 8 (AFP) When the charismatic founder of upstart Chinese smartphone maker Xiaomi took the stage at an Internet conference, he was open about his ambition: world domination.

"In the next five to 10 years, Xiaomi has the opportunity to become the world's number one smartphone company," Lei Jun told the Chinese-organised World Internet Conference. Xiaomi, which takes its name from the Chinese word for millet, has excelled in China's cut-throat smartphone market by delivering high-performance products at cheap prices.

China Smartphone Maker Xiaomi Wants a Bite of Apple

In less than five years, the Chinese company has become the world's number three smartphone vendor, behind only Apple and South Korea's Samsung, shipping 17.3 million phones in the third quarter of 2014, according to International Data Corp (IDC). Xiaomi claims sales of more than 61 million smartphones last year, up 227 per cent from 2013, with turnover more than doubling to USD 12 billion.

Recommended: Top 10 Most Popular Smartphones With 13MP Plus Camera to Buy in India

But critics say the firm has simply copied the look of Apple's iPhones, thriving because of weak intellectual property protection in China. while Xiaomi is a major player in China, analysts say that patent issues and low brand recognition outside its home market are obstacles to the international expansion necessary to realise Lei's dream.

"What remains to be seen is how quickly the company can move beyond its home territories to drive volumes higher," market intelligence provider IDC said. Xiaomi has launched products outside mainland China in Hong Kong and Taiwan, as well as Southeast Asia, but the company suffered a setback in India.

Recommended: Top 10 Best Smartphones with up to 5,000 mAh Battery in January 2015

In December, Sweden's Ericsson won a court order blocking sale of Xiaomi devices in India over patents. Apple has never taken legal action against Xiaomi, but in a veiled reference to the firm, the US giant's senior vice president of design Jony Ive has called similarities between their products "theft", the Wall Street Journal reported.

A spokesman for Xiaomi's marketing department told AFP: "We hope these biased people can put down their tinted glasses, examine Xiaomi's practices and experience our products and then make a fair appraisal."

Source: IANS

Read More About china | smartphone | xiaomi | apple | mobile phones | news

Please Wait while comments are loading...
Opinion Poll