China’s Xiaomi makes only a fraction of the money that analysts thought

Xiaomi’s rise in the market has been nothing short of extraordinary and unprecedented. The Chinese brand entered a mature market and gained massive success within it in just four years, but there are some compromises to that success as it turns out Xiaomi did not make as much money in 2013 as was originally reported. The company has a very distinct model in the industry, one that favors the customer at the expense of high margins.