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giftedviz.com December 12, 2018


Xiaomi Aims to Sell Smartphones in the US This Year

07 March 2018, 08:18 | Ross Houston

Talk of a $100 billion valuation for Xiaomi would make it vastly overvalued

Talk of a $100 billion valuation for Xiaomi would make it vastly overvalued

Xiaomi has grown exponentially in India, which recently overtook the USA to become the world's second largest smartphone market after China.

"We plan to start entering the market by end 2018, or by early 2019", he added.

Chinese smartphone manufacturer Xiaomi has wanted to sell in the U.S for some time, and Chairman Lei Jun has revealed that they hope to make this happen by the end of 2018 or early 2019. Xiaomi is no stranger to the USA market since the company is already selling a range of products in the country such as cameras and speakers.

"We hope to be an immediate success in the U.S. so we need a lot of time and careful preparation to achieve that", Jun told a group of reporters in late 2017. Xiaomi may have better luck selling unlocked phones in the Western markets, but it might have a hard time partnering with wireless carriers to give it a boost.

Jun admits that the expansion won't be a child's play. The Xiaomi executive did not outline more specific details, but he was aware of the many challenges that the company would need to hurdle, including accommodating the needs of USA customers and adapting to regulations.

The success of Xiaomi to get its smartphones into the USA market, however, will largely depend on the country's carriers.

You see, Xiaomi isn't just in the mobile phone business.

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To prevail in the United States market, Xiaomi should band together with the bearers to maintain a strategic distance from the "worries" of the insight offices of the nation.

The Chinese company has a number of products that it now sells in the US, but it's relegated to streaming boxes, fitness bands, and headphones.

According to Wang, Xiaomi has achieved 100 billion Yuan ($15.8 billion) in sales. These three smart phone vendors are the top three companies in China.

Xiaomi has since been available in other key markets in Southeast Asia, India, and some parts of Europe like Spain.

According to the report, Xiaomi could bring its smartphones to the USA as early as the end of 2018.

Recent data also suggests that it is not always the USA that makes or breaks a smartphone company. Now, Xiaomi is the number one smartphone seller in India for two straight quarters.



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