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Is Xiaomi losing its magic?

By NexChange
Venture Capital

For a while now venture capital-backed smartphone maker Xiamoi has been the darling of Asian tech, disrupting incumbants left and right, but new sales data shows that the firm may be losing some of its lustre.

Tech in Asia reports that the firm may be feeling the effects of a China slowdown, citing several reports that indicate Xiaomi might be fall short of its revised goal to ship 80 to 100 million units this year.

Xiaomi is yet to release it Q3 sales figures but the consensus among research firms is that the hype might be wearing off. That said, most agree the firm could still be on course to shift around 70 million units, which is still an awful lot.
Photo: nijanthan_v

 

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