Xiaomi made just $56.1 million profit in 2013, filing unveils
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- Anonymous
- P$I
- 10 Oct 2021
Anonymous, 16 Dec 2014100% profit margin? You have to get back to real world my f... moreWhy is that impossible, mate? How's it possible to sell the same phone at 700$ and 300$ just after a few years?
- S
- Supremo
- KAe
- 16 Dec 2014
At least Xiaomi's business model is profitable. It's much better to have $50 dollars than having no dollars at all.
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- Anonymous
- 2@t
- 16 Dec 2014
Anonymous, 16 Dec 2014Actually apple takes more than 100% profit margins and simi... more100% profit margin? You have to get back to real world my friend..
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- Anonymous
- ttv
- 16 Dec 2014
Actually apple takes more than 100% profit margins and similarly Samsung takes more than 50% profit margins initially. After one year they cut prices around 25% and next year they cut prices again around 40% . Next year they sale phones in half of iinitial prices still they make profits so you can imagine what is the actual prices of them and why they are expensive. Looters.
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- swieyue
- X3{
- 16 Dec 2014
That show Xiaomi is not profiteering at all unlike some other greedy companies. Kudos to that!
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- AnonD-142922
- 39x
- 15 Dec 2014
I red in other site xiaomi stagnating
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- Vicky
- t}f
- 15 Dec 2014
Sun Sand, 15 Dec 2014Hats off and Salutations to Xiaomi, they make great product... more+1 to that
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- Anonymous
- 2@t
- 15 Dec 2014
Anonym, 15 Dec 2014Because this is when the company is blooming. A single miss... moreMissteps matter when you price devices at the highend.. The price at which xiaomi sells devices no one will care if it bends or lags and buy it..
The only misstep it can take is running afoul with patents and such for which they can always fall back to china the safe haven..
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- Anonym
- NCe
- 15 Dec 2014
Lead2XL, 15 Dec 2014What's wrong with a profit of $56 million? Hard to admire g... moreBecause this is when the company is blooming. A single misstep and that easily becomes a negative XX Million, with the added risk of the company going belly up should another misstep follow.
It doesn't matter how you sugarcoat this, every single company is bound to make a misstep somewhere along the way. Most are able to afford it, Xiaomi clearly isn't.
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- Anonymous
- 2@t
- 15 Dec 2014
Anonymous, 15 Dec 2014Xiaomi in 5 years will be the world's no.1 cell phone maker... moreSo you brand them as the No. 1 cell maker and then become the number 1?? Stop kidding yourself.. They are nowhere close to the number 1.. Even their number 3 (or 4?) is based on only number of devices they ship.. Their after sales service is pathetic..
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- Anonymous
- 2I1
- 15 Dec 2014
Xiaomi in 5 years will be the world's no.1 cell phone maker, listen to that Cook. LOL
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- AnonD-142922
- LaT
- 15 Dec 2014
On other website saying that they not doing good..
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- Anonymous
- 2@t
- 15 Dec 2014
Maybe they file lower profits to evade taxes too :P
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- Sun Sand
- uu3
- 15 Dec 2014
Hats off and Salutations to Xiaomi, they make great products, sell them at startlingly low prices, yet are able to show a profit (Even though its low). Sensible People will continue to buy from this Great Company!
Xiaomi can simply increase the prices by say 10% and show a great profit(their Phones etc will still be extremely affordable).
*from india with love!
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- Anonymous
- ttv
- 15 Dec 2014
Xiaomi 's profit margin is just 2% , Samsung has 17.7% and apple has 28.7 % . Their actual production cost are almost same .
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- AnonD-331864
- 3p@
- 15 Dec 2014
Then it would possible for all of us to make such a profit!
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- Contract
- 3Jn
- 15 Dec 2014
Based on this short and somewhat surprising report my opinions are this
1 The 1.3% purchase of Media Group Co is to generate a revenue stream
2 The 2% operating profit is unsustainable so expect prices to rise
3 Xiaomi cannot afford to lose the market in India or have it "closed" by this injunction
4 Xiaomi will have to pay all royalties to Ericsson this will mean that the 2013 accounts will after adjustment show a loss
5 Contrast this with Samsung who have experienced a profit fall and NOT a loss. The cut throat Xiaomi pricing means that Xiaomi is selling phones for less than cost!
6 Xiaomi have no money for investment or expansion at the current prices as it owes Ericsson for every phone sold already and any future sales
Xiaomi are offering the highest (mid range) specs at the lowest cost, which multi-nationals cannot compete this shows that Xiaomi cannot continue at the current price
If you exclude Xiaomi pricing of similar specs phones are realistically priced, the goal is to be profitable and Xiaomi are not
I liked Xiaomi as it kept others in check, ONLY Xiaomi will raise prices in the near future
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- Anonymous
- 2@t
- 15 Dec 2014
Lead2XL, 15 Dec 2014What's wrong with a profit of $56 million? Hard to admire g... moreIf they had a better profit maybe they would give a better after sales?
No thank you sir.. Next year i will buy a device from a company that won't ask me to wait for two and half months for a screen replacement..
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- Lead2XL
- q}A
- 15 Dec 2014
What's wrong with a profit of $56 million? Hard to admire greedy companies that aren't happy unless they are ripping you off, charging as much as they can get away with. Let's all buy Xiaomi devices next year.
- g
- green
- IV%
- 15 Dec 2014
Increase 5% of selling price, would result in 10% increase in net profit. Xiaomi Business is very profitable. As for now, being a beginner, 2% is very good! Rather than being Negative as most company would have while being a startup.