Chinese Android-based phone maker Xiaomi said it will produce 15 million handsets for this year, and expects no overstock. This is double the 7.19 million units that were sold in 2012, which netted the firm 12.6 billion RMB ($2 billion) in revenue after tax. Its CEO and founder, Lei Jun, said that the firm is going to produce as many handsets as it expects to sell, because it doesn’t intend to… → Read More
Chinese smartphone maker Xiaomi, which has been referred to as “the Apple of China,” strongly hinted at an expansion into Hong Kong on its official Twitter account. Though the tweet was cryptically worded, attached is a graphic featuring the company’s latest model, the Xiaomi Mi2, with specs listed in traditional Chinese characters (which is used in Hong Kong, but not mainland China), Hong Kong… → Read More
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