Let’s continue our impromptu Asian theme for today, and move from South Korea’s Samsung to China’s Xiaomi. “China’s Xiaomi Technology is a fairy tale for nerdy entrepreneurs. Less than three years after its founding, the smartphone maker is valued at $4 billion and evokes Apple-like adoration from its fans, some of whom are desperate enough to skip work for a shot at buying the latest product the day it goes on sale.”
China’s mini Apple takes slice of smartphone pie
2012-12-10 Wireless 6 Comments
What is especially interesting about this company is their business model.
They modify Android with specific partner services to generate revenue from those services rather than from the sales of the hardware itself.
So they get a cut from the sale of whatever product you buy using the bundled shopping, the media you buy on the bundled media app, and so on.
It’s essentially the same model is using with the Kindle.