Weekly Cornerplay: Xiaomi makes a lot of money from smartphones

Jeffrey Yuwono in this edition of the Weekly Cornerplay concludes that Xiaomi is more about hardware than it is about services It’s conventional wisdom that Xiaomi is an Internet services company. It sells smartphones at*break-even prices as a gateway*to sell profitable services. Except this*might all just be a marketing ploy, because Xiaomi actually makes most...



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