Apple to Xiaomi: Talk Is Cheap
REUTERS/Jason Lee
"I believe that no one thought the Xiaomi from three years ago, which just made its first phone, would later rank as the third largest player," said Jun. "Within five or 10 years, we have the opportunity to become the number one smartphone company in the world."
That didn't sit well with Bruce Sewell, Apple's head of legal and government affairs, who was at the event.
"It is easy to say, it is more difficult to do," said Sewell.
That comment didn't seem to deter Jun.
"In this magic land, we produced not only a company like Alibaba, but a small miracle like Xiaomi," he said.
Jun's company became the third-largest smartphone maker in October, behind Apple and Samsung, according to Reuters.
Xiaomi has it's work cut out for itself if it wants to knock Samsung off the number one spot.
The company holds just 6% of the global smartphone market compared to Apple's 12% and Samsung's 25% market share, according to a Strategy Analytics study.
Xiaomi's phones are often compared to Apple's iPhone for looking similar. Apple lead designer Jony Ive doesn't take that characterization lightly, though.
"I don't see it as flattery. I see it as theft," Ive said at a Vanity Fair event in October.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas