Original Why 10G phones will be released next year, Xiaomi says it will not be possible to have a thousand Yuan 5G phones by 2021.


Original Why 10G phones will be released next year, Xiaomi says it will not be possible to have a thousand Yuan 5G phones by 2021.

Original Why 10G phones will be released next year, Xiaomi says it will not be possible to have a thousand Yuan 5G phones by 2021.


Xiaomi's latest quarterly financial report reveals that mobile phone revenue and sales have declined year over year in the third quarter. The third quarter financial report shows that the third quarter Xiaomi's revenue was 53.661 billion yuan, an increase of 5.5 percent year on year. 8.2 billion yuan. Adjusted net profit increased by 20.3% year-on-year to 3.5 billion yuan, while Xiaomi smartphone revenue was 32.3 billion yuan, and mobile phone sales reached 32.1 million units, down from 33.3 million units in the same period last year. Was.

In terms of revenue, revenue in the mobile phone business in the third quarter of 2019 was 32.3 billion yuan, down from 35 billion yuan in the same period last year. Therefore, throughout Xiaomi's business, the mobile phone business has disrupted other businesses.
Regarding the downfall of the mobile phone business, Lei Jun offered an explanation: Now that it is in the 4G to 5G switching period, and the mobile phone market is under pressure, Xiaomi has seen a steady growth, its profitability and Chose to improve cash reserves and digest bad inventory. Therefore, Xiaomi is in a very healthy period. 

This means that Xiaomi can now be lightly loaded and everything can be done to set up 5G mobile phones. For this purpose, Lei Jun announced that the process of 5G mobile phones is being accelerated at full speed: "On December 10, the first 5G dual-mode mobile phone Ready 30 will be released.
We will be releasing at least 10 5G mobile phones next year, and Xiaomi will fully promote the development and promotion of 5G mobile phones. In the first half of next year, there will be more than 2,000 yuan 5G mobile phones. "Interestingly, although Lei Jun said that Xiaomi will release at least 10 5G mobile phones next year, it did not launch 5G mobile phones directly about 1,000 yuan, but only predicted That 5G thousand yuan mobile phones will be widely listed in 2021. So what is the price range of 10 or more 5G mobile phones issued by Xiaomi? Obviously, Xiaomi is still hoping to make more profit in the early stages of 5G, and is not ready to launch a cheaper 5G phone ahead of time. In addition, what market is Xiaomi's 5G mobile phone included in? Apparently in the domestic market,Xiaomi's capabilities are slipping. In other words, Xiaomi is not yet ready to become the first company to break the price tag. In the domestic market, especially in the setting of 5G mobile phones, Honor and Vivo's development strategy has begun to move towards lower price ranges. Related price range?

It is well-known that 2019 is definitely a stressful year for Xiaomi. The global smartphone environment has begun to decline. While 5G is expected, the mobile phone industry has not increased shipment since 2017. Manufacturers can only expect to compete in the stock market. From the market environment point of view, in 2019, Huawei will shift its focus of its mobile phone business strategy to China, which has put tremendous pressure on manufacturers such as Xiaomi, OPPO, and Vivo. The latter started pushing prices higher than they were,To some extent, it squeezed the market share that was actually Xiaomi's. That's why Xiaomi's mobile phone share is declining. Fortunately, Xiaomi has gained another dimension of competitiveness in the marketplace that relies on LOT.

In the third quarter of 2019, Xiaomi's IoT and consumer products business revenue was 15.6 billion yuan, an increase of 44.4% year over year. In addition, Xiaomi's Internet service revenue was 5.3 billion yuan, an increase of 12.3 percent year on year. This is in line with the development of these two businesses which has led to the overall performance growth of Xiaomi. In this regard, Lei Jun believes that the development of the entire Internet is the next generation of super internet, including 5G + AI + IoT. In the PC Internet era, one billion devices are connected, in the mobile Internet era, more than five billion devices are connected, and IoT will connect to 50 billion to expand the connection scale.