Xiaomi facing `growing pain` of counterfeit products | HT Tech

Xiaomi facing `growing pain` of counterfeit products

After overtaking Apple and Samsung in the world's largest market, Chinese smartphone maker Xiaomi is now facing the threat posed by counterfeiters.

By:ANI
| Updated on: Apr 20 2015, 17:33 IST
image caption
Xiaomi-Mi-4

After overtaking Apple and Samsung in the world's largest market, Chinese smartphone maker Xiaomi is now facing the threat posed by counterfeiters.

Chief Executive Officer Lei Jun said that due to the large number of fakes available in the market, the firm's Mi Power Bank battery pack for smartphones sold 14.6 million units last year, less than half of what the total should have been. He added that if there were no counterfeits, then their sales would have doubled or tripled, reported China Daily.

You may be interested in

MobilesTablets Laptops
28% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
Vivo X100 Pro 5G
  • Asteroid Black
  • 16 GB RAM
  • 512 GB Storage
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage

According to Jun, five years after its foundation in 2010, Xiaomi has already grown into China's top smartphone vendor and the world's most valuable startup but now, it must tackle 'growing pains from counterfeits to perceptions that investments in smart-device startups risk compromising strategic focus.'

Also read
Looking for a smartphone? To check mobile finder click here.

The startup doubled its revenue last year and more than tripled its smartphone shipments. The company's sales are expected to rise to about 19 billion dollars this year, Jun said.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 20 Apr, 17:30 IST
NEXT ARTICLE BEGINS