Xiaomi Big Announcement for Mi Users

Xiaomi Chairman and Founder Lei Jun has big announced that the net profit margin of the company's total hardware sales will be fixed. This limit will apply forever. This wide range will include from smartphones to Internet off Things and Lifestyle Products. The company has said that the maximum profit margin for the net profit margin will be 5 percent.

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Lei Jun said in an affair to the workers of Xiaomi: "If the margin goes more than 5 percent, then it will find a way to return to the users." He further said that if we limit the cost, User will be able to return in this way, the company and its products will get excellent support / support of users for a long time. If a large number of products are sold even with lower margins, then the company will be able to earn profits in the long-term. The company has adopted a unique Triathlon business model, which includes hardware’s, internet service and retail.

He further said that in the last 8 years, our business model has been repeatedly challenged. Xiaomi is the only smartphone in the world that has returned to the sales even after the decline. This shows how modern our business model also. The company has just launched the 6x. This phone has been introduced with Qualcomm Snapdragon 660 processor and latest AI technology. Xiaomi is an engineer’s-operated company that always works for the benefit of the public and changes in the field of technology in the world, and remains ready.

In the first quarter of the Counterpoint 2018 report, China has grown more than 51 percent in Xiaomi. This increase was due to the rapid publicity in the offline segment of Xiaomi.