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Xiaomi is a Chinese Internet and electronics company founded by Lei Jun in 2010. The company focuses on manufacturing smartphones, laptops, mobile apps etc. Currently, Xiaomi is valued at $40-50 billion. Xiaomi’s “MI” logo stands for “Mobile Internet.” At present, products manufactured by Xiaomi can be found in over 90 countries across the globe.
Xiaomi surpassed Apple and reduced plastic used in smartphone packaging by 60%. The changes will only affect the box, so users will receive all the needed accessories, including a charger, USB-C cable, and even a case.
Xiaomi will announce more details about the first mass-produced transparent TV on August 16, when the TV goes on sale in the Chinese market. It can be purchased for RMB 49,999 ($7,200).
Last fall, Xiaomi CEO Lei Jun said that by 2021, a 5G smartphone worth $140 would be a reality. The Chinese company keeps the promise, and it will release a budget smartphone with 5G support in November.
On March 24, Xiaomi will present its next potential hit – the Redmi K30 Pro. However, the Vice President at Xiaomi Lu Weibing announced that not only smartphones would be presented at this press conference.
Despite the existing situation, Xiaomi assures that the updates will be delivered within a few weeks.
Apple AirPods are the first on the TWS-headphones market, occupying more than 50% of the market in sales. It is possible that by 2024, their wholesale revenues will amount to more than $100 billion.