Xiaomi to Take Up 15% Mobile Phone Profit in China in 2013
(Sinocast Computers & Electronics Beat (China) Via Acquire Media NewsEdge) BEIJING, December 26, SinoCast -- Analysts specialized in mobile phone and electronic field revealed profit between CNY 3 billion and CNY 4 billion for Beijing Xiaomi Tech in 2013, probably taking up more than 15% for the whole industry.
In assumption of mobile phone sales volume of 400 million in China in 2013 and average factory price between USD 100 and USD 120, corresponding revenue will vary from CNY 250 billion to CNY 300 billion and profit CNY 15 billion to CNY 25 billion. Thus, Beijing Xiaomi Tech will take up less than 5% of mobile phone sales volume in China, over 10% revenue and more than 15% profit.
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