Xiaomi en Route to Become the Biggest Smartphone Manufacturer
Posted: September 30,2023
Chinese smartphone producer Xiaomi has a clear goal - to become the biggest in the business within three years.
According to the latest quarterly report on the smartphone market, Xiaomi is already in second place after finally having overtaken Apple in the global manufacturer list. Right now, Xiaomi has a hold on 17% of the smartphone market, with only Samsung in front of it. But the company won’t settle for second place.
“Our current task is to cement the number two position in the global market. We aim to become the global number one in three years,” said Lei Jun, Xiaomi’s founder and chief executive.
Jun was speaking at Xiaomi’s online event, during which the company celebrated the 10th anniversary of its first smartphone launch. At the same event, the company revealed its brand new phone, the Mix 4. It’s the first Mix phone from Xiaomi that has a front camera under its screen. This technology is called CUP (camera under panel), and, according to the engineers, it’s virtually invisible during everyday use. Xiaomi has invested $77 million in this tech alone, so it’s more than likely we’ll be seeing iterations of CUP in future phones from this manufacturer. The Mix 4 is also the first phone sporting the Snapdragon 888 Plus chip. It’s available with 8 GB or 12 GB of RAM with up to 512 gigs of storage. With a display nearing phablet size at 6.67 inches, this is by no means a small-screen smartphone.
The smartphone market has been chasing bezel-less design in these past few years. Xiaomi is evidently trying to take over its competitors by cramming as much as it can under the screen, creating a seamless smartphone experience. Likewise, the manufacturer has come a long way from producing “cheap” phones and is actively competing with Samsung and Apple in the flagship field while investing billions of dollars in robotics and automotive tech, so it won’t be known just for electric scooters and smart toothbrushes anymore.
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With a degree in humanities and a knack for the history of tech, Jovan was always interested in how technology shapes both us as human beings and our social landscapes. When he isn't binging on news and trying to predict the latest tech fads, you may find him trapped within the covers of a generic 80s cyberpunk thriller.