Chinese Internet co unveils cheap iPhone Killer
A China-based tech and internet company revealed a new phone that is described as a cheap alternative to iPhone.Apple’s iPhone currently dominates the smart phone market, including that in China. Xiaomi Technology’s Xiaomi Phone is set to rival this giant by offering the $470 cheaper phone to the public.Xiaomi Phone comes with a price of 1,999 yuan $313. iPhone currently sells at around 3,000 yuan.
Xiaomi Phone runs on Android and is lightweight at 149 grams but appears to be slightly larger than iPhone 4. It is powered with a 1.5 Gigahertz dual core processor. It’s impressive that it was able to pack that power despite its size. It has a big screen and supports touchscreen option. It has high-quality signal and powerful battery. Lei Jun, founder of Xiaomi Technology, boasted that the only thing that can be considered “low” in their new phone is its price.
Mobile phone connections in China just crossed 926 million, only a few millions away from hitting the one billion mark. Xiaomi Technology hopes to own a huge percentage of smart phone users at least in China. Q2 last year marked more than 16.81 million smart phones sold in China. That’s 7.5$ more than the previous quarter.
The target markets to launch the new low-cost phone are those where mobile phone connections are crossing 926 million, inching towards a billion. IT consulting firm Analysys International says that this number will continue to increase. Currently, HTC and Lenovo’s smart phone LePhone, and the iPhone are among the favorite smart phone units in China.
The competition within the market for smartphones is expected to get more fierce as international competitors are looking to grab a greater slice in both China and worldwide. However, at this point Chinese companies only have a small part of the global market.
Posted by admin on Tuesday, September 13th, 2011
