Xiaomi made only 45 million profit in 2013




From the annual figures for 2013 from the Chinese electronics manufacturer Xiaomi shows that the company is working with razor-thin margins. Xiaomi has low gains a third position in the competitive smartphone market conquered.

In 2013 Xiaomi posted a profit of 347.48 million yuan, converted 45 million on a turnover of 26.58 billion yuan, or 3.44 billion euros, as reported Reuters based on registered annual figures from the Chinese company. A spokesman for Xiaomi confirmed the accuracy of the figures.

The financial results for 2013 show that Xiaomi works with thin profit margins. The company knew the last few years especially to win a lot of ground in the smartphone market by selling high-quality devices at a competitive price. Thus the company managed to secure third place in the smartphone market, behind Samsung and Apple. However, the two market leaders working with considerably higher profit margins than the newcomer. Thus loomed among investors question whether Xiaomi with its price in the smartphone market position in the longer term it may persist. Nevertheless, especially Samsung has increasingly burden of Xiaomi and other Chinese companies that market cheap smartphones.

Xiaomi seems it wants to broaden his horizons. Chinese electronics company has taken a significant share of Midea, a company that makes household appliances, as message TechCrunch. The interest has a value of converted approximately 165 million.


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