[New post] Xiaomi’s $46B valuation questioned as company misses sales target, faces greater competition

Ben Lovejoy posted: " Investors are "beginning to question" Xiaomi's $46B valuation after the company reportedly failed to hit its sales target of 80M smartphones in 2015, reports the WSJ. That target was itself reduced from 100M last summer, and the company has also not y" Respond to this post by replying above this line New post on 9to5Google Xiaomi’s $46B valuation questioned as company misses sales target, faces greater competition by Ben Lovejoy Investors are "beginning to question" Xiaomi's $46B valuation after the company reportedly failed to hit its sales target of 80M smartphones in 2015, reports the WSJ. That target was itself reduced from 100M last summer, and the company has also not yet delivered on its promise of substantial revenue from Internet services. Xiaomi has faced tougher competition from more established brands like Huawei. Huawei's engineering strength and brand image, built up over decades, make it difficult for Xiaomi to compete in China, analysts say. "The competition in China's smartphone market has intensified tremendously this year," said a Xiaomi spokeswoman, who declined to comment on the company's valuation or say whether it met its 2015 sales target. Huawei comfortably overtook Xiaomi to become the Chinese market leader in October of last year ... Read more of this post Ben Lovejoy | January 11, 2016 at 5:27 am | Tags: China, Huawei, Lei Jun, mi, xiaomi, Xiaomi Tech | Categories: Android | URL: http://wp.me/p1w6tN-xtR Comment    See all comments Unsubscribe to no longer receive posts from 9to5Google. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://9to5google.com/2016/01/11/xiaomi-valuation-questioned/ Thanks for flying with WordPress.com