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Technology Stocks : Xiaomi Technology: Smartphones, Devices and Services ...

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From: Bill Wolf9/13/2013 7:54:33 AM
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China’s Xiaomi ‘new disruptive force’ in smartphone market

Chinese smartphone maker Xiaomi isn't a household name just yet, but the company is gaining a cult-like following in its home market and could soon become a "disruptive force" in the global smartphone arena.

"One company that particularly stands out to us as a potential game-changer is Xiaomi, with its huge fan base and unique business model. It is enjoying success due to super cheap high-spec phones sold on-line," Mark C. Newman, senior research analyst at Sanford C. Bernstein wrote in a note on Thursday.

"Xiaomi is emerging as a new disruptive force with two recent product announcements: the Hongmi smartphone and the Mi3 smartphone," he said.

cnbc.com|finance|headline|headline|story&par=yahoo&doc=101032056|China%27s+Xiaomi+%27new+disru
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