Xiaomi reported only 347.5 million yuan in net profit last year on a regulatory filing which works out to USD $56 million — which means Xiaomi’s operating margin works out to a slim 1.8 percent.
Chinese hardware maker Xiaomi’s new tablet not only features cutting-edge specifications but also a surprisingly low price.
Xiaomi, the Chinese hardware maker, is planning to expand to 10 new countries. As part of this international expansion, it paid $3.6 million for the domain name mi.com.
Microsoft is drawing a lot of attention — and a few raised eyebrows — with rumors that it will support Windows Mobile 6.5 on less expensive phones as WinMo 7 comes to market next year. The inexcusable tardiness of version 7 will only hasten MSFT’s irrelevance in mobile, as Om notes, but Microsoft is only fooling itself if it thinks price points are the reason it continues to lose market share. I’m not convinced (as Om is) that Android will kill Windows Mobile, but for Redmond it doesn’t matter who the trigger man is — its days are numbered regardless.