Saturday, April 11, 2015

Chinese Apple arch-rival Xiaomi just sold a crazy amount of phones (AAPL)

Xiaomi, the red-hot startup often referred to as the "Apple of China," sold more than 2 million smartphones in a 12-hour flash sale. The company on Wednesday held a "Mi Fan Festival" to commemorate its fifth birthday and managed to shift 2.12 million phones with a recorded revenue of $335 million. Xiaomi's fans are well known for their devotion to the company. The Chinese company goes to great lengths to court them, including these "festival" flash sales, heavy engagement on social media, and...-> read more

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