Unknown facts about Xiaomi
Xiaomi is the 6th largest mobile company in the world. It's largest market are China and India. Xiaomi is called as the Apple of East for it's iOS like MIUI. But this company has some interesting facts.
1. Xiaomi holds a Guinness World Record: Xiaomi sold a whooping amount of 2112010 units of it's products on a single online platform in 2015 during it's annual fan festival.
2. Xiaomi has limited it's profit margin to 5% forever: Xiaomi CEO, Lei Jun announced that Xiaomi will make a maximum profit of 5% from it's all hardware line up. Xiaomi is doing this because of their business model relies on after sale purchases like accessories and content from digital stores.
3. Xiaomi bought a domain name for $3.6 million: Xiaomi bought a domain name i.e. mi.com of $3.6 million. Xiaomi did this to increase their business globally as pronunciation of mi is far easier than Xiaomi (Shou | me). If you are wondering about the amount of money Xiaomi spend to buy a domain name, the most expensive domain name sold to date is insurance.com which cost a whooping $35.6 million (10 times of mi.com).
4. Xiaomi's logo has a meaning: If you look at the logo upside down it represents a Chinese character meaning 'heart'. The mi in Xiaomi's logo stands for 'Mobile Internet' and 'Mission Impossible'. The literal translation of Xiaomi from Chinese to English is 'little rice'.
5. Xiaomi has other products rather than smartphones: Xiaomi manufactures laptops, fitness trackers, smart watches, drones (can record video in 4K), smart light bulbs, security cameras, media streaming devices, smart running shoes etc. Besides they have a electric scooter with a portable design having a running range of 18 miles. Your amazement will take a jump now. Xiaomi also manufactures rice cookers, electric tooth brushes, travel pillows, suitcases, mattresses and writing pens too. WOW!
If you know some unknown facts like these, let me know in the comment section below.
1. Xiaomi holds a Guinness World Record: Xiaomi sold a whooping amount of 2112010 units of it's products on a single online platform in 2015 during it's annual fan festival.
2. Xiaomi has limited it's profit margin to 5% forever: Xiaomi CEO, Lei Jun announced that Xiaomi will make a maximum profit of 5% from it's all hardware line up. Xiaomi is doing this because of their business model relies on after sale purchases like accessories and content from digital stores.
3. Xiaomi bought a domain name for $3.6 million: Xiaomi bought a domain name i.e. mi.com of $3.6 million. Xiaomi did this to increase their business globally as pronunciation of mi is far easier than Xiaomi (Shou | me). If you are wondering about the amount of money Xiaomi spend to buy a domain name, the most expensive domain name sold to date is insurance.com which cost a whooping $35.6 million (10 times of mi.com).
4. Xiaomi's logo has a meaning: If you look at the logo upside down it represents a Chinese character meaning 'heart'. The mi in Xiaomi's logo stands for 'Mobile Internet' and 'Mission Impossible'. The literal translation of Xiaomi from Chinese to English is 'little rice'.
5. Xiaomi has other products rather than smartphones: Xiaomi manufactures laptops, fitness trackers, smart watches, drones (can record video in 4K), smart light bulbs, security cameras, media streaming devices, smart running shoes etc. Besides they have a electric scooter with a portable design having a running range of 18 miles. Your amazement will take a jump now. Xiaomi also manufactures rice cookers, electric tooth brushes, travel pillows, suitcases, mattresses and writing pens too. WOW!
If you know some unknown facts like these, let me know in the comment section below.
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