Lei Wibing, CEO of Redmi, said: We need to learn from Huawei

There is what, Huawei's development is astounding!

The company, i.e. Huawei, shipped nearly 2019 million smartphones to its partners in the first quarter of 60, which is quite a staggering result. First quarter revenue $ 26,52 billion, an increase of 39%, but increased by net profit margin as well, iagz not significantly, but reached 8 percent.

Lei Wibing said they have something to learn from the rival, but stressed that Huawei is a 32-year-old company, while Xiaomi is still considered young, has just celebrated her ninth birthday. According to the statement, Xiaomi's sales policy and marketing are good, which is due to the generally outstanding price-performance ratio. However, this does not mean that they can sit on their laurels because they need to invest more in this area, but more importantly, they need to focus even more on research and development, investing even more energy and money.

As you know, Xiaomi is beyond another ups and downs in the field of telephone sales. Although the cart is doing well in some important countries, such as India, globally it has sold less mobile than expected. For our part, we believe that the new entry-level and lower-middle-class phones have done well, so there is hope for recovery.