Xiaomi has always kept its focus on providing something unique to the customers so that the customers keep on upgrading their Xiaomi phones. 95% of people from the age group of 18-49 own a smartphone, while the ownership of the same for ages 65 years and above is at 61%. Samsung market share was 23% with a negative annual growth of 1.6%. There are a lot of substitutes for smartphones present in the market but this fact cannot be denied that nothing can replace a smartphone, be it a laptop or a tablet because all of these devices have their own features and purposes and they can never be an absolute substitute for smartphones. Samsung was bumped off the top five into the "others" category. As it is illustrated in Figure 1 below, Xiaomi Triathlon sources of revenues consist of hardware, new retail and internet. The company has also focused on investing in electric cars, 7. Huawei (including Honor) has a worldwide market share of 8.56 %. Most importantly, they take their innovation ideas by the latest trends and make sure that they are the first ones to deliver in terms of that. Xiaomi's market share was 16% in Q2 2021. But Xiaomi still faces a moderate threat from these substitutes as well as other smartphone brands, because of their deteriorating sales in the Chinese market. Competitive Analysis. Let us start the Xiaomi Redmi SWOT Analysis: For Xiaomi Redmi, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position. Positioning refers to the selection of the marketing mix the most suitable for the target customer segment. enjoy smart technology closer to your life. that Xiaomi's shipments in China fell 38% annually to 10.5 million during the second quarter, and that its market share declined from 16.1% to 9.5%. *Average returns of all recommendations since inception. Its popular mobile phone brands include Mi, RedMi, POCO. LG Electronics 3. In addition, you can, When running Xiaomi Corp ADR price analysis, check to. Xiaomi Inc: Competitors. A correlation of about +1.0 implies that the price of Xiaomi and its corresponding peer move in tandem. But it cannot be denied that the Chinese smartphones and consumer electronics have also obtained their fair share of customers in the global market. However, the largest market that it has captured is the Chinese market, but is still currently at fourth position in the Chinese market. Top Apple Competitors. Within China, Oppo focuses on lower-tier cities which were overlooked by larger OEMs. Because of this, Xiaomi has a very competitive marketing strategy and they claim that most of their customers reach them for their products information because of the hype created on social media and the power of word of mouth. MAJOR COMPETITORS : Apple: Apple sells less than 20% of the . Lenovo 13. Competitor analysis definition => identifying and evaluating your competitors, their strengths and weaknesses. 1.Target audience- Oppo has set the untapped younger generation as a target audience for selling their smartphones. Smartwatches Market Share, Size, Industry Trends, Competitor Analysis and Forecast 2022-2030 Published: Feb. 21, 2023 at 5:34 a.m. Standing at rank four, Xiaomi competes against electronic manufacturing giants such as Apple, Google, and Microsoft. Plot and analyze your portfolio and positions against risk-return landscape of the market. Xiaomi's IoT and lifestyle products roughly made 25 percent of revenue generation in 2018. Retrieved July 16, 2017, from https://qz.com/758955/xiaomis-once-admired-strategy-for-winning-chinas-smartphone-market-has-backfired/ According to Canalys research report, in the Q3, 2018, Xiaomi's market share was 29.8% with an annual growth of 31.5%. Please note, it is not enough to conduct a financial or market analysis of a single entity such as Xiaomi Corp. Ross, J. . Below are the Strengths in the SWOT Analysis of Xiaomi : 1. It first established an overseas presence in Thailand, then throughout Asia, the Middle East, and Africa -- resulting in nearly 20% of its sales coming from outside of China in 2015. The annual growth rate was 12.3% and 2.0%, respectively (Fig. Xiaomi Corporation is a Chinese gadget manufacturer established by Lei Jun in 2010 and headquartered in Beijing. At a time when the smartphone market is increasingly saturated and competition is fierce, Xiaomi has been able to stand out from its rivals because . This website uses cookies to improve your experience while you navigate through the website. Marketing Project: Market Analysis for Company, Xiaomi India / Xiaomi Inc., implying marketing management concepts. Add company. can be threats. But opting out of some of these cookies may have an effect on your browsing experience. Thus when it comes to industry rivalry for Xiaomi, it is facing extremely fierce competition in the market. When done correctly, Xiaomi Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Xiaomi Corp. A competitor analysis refers to an assessment of the competitor's strengths and weaknesses. Many competitors in same price tag segment, 2. This year the Xiaomi 13 is sold in green, black and white colors. See insights on Xiaomi including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Xiaomi Gaining Share At The Expense Of Rivals . To do so, you would: Step 1: Use Google to compile a list of your competitors. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Apple. Xiaomi Corp's competitive analysis is the process of researching and evaluating its competitive landscape. Xiaomi business strategy can be classified as cost leadership. Xiaomi Corp. has become the world's second biggest smartphone maker over the past quarter following an 83% jump in shipments, according to preliminary estimates by Canalys. Vivo, which is also based in Dongguan, was founded in 2009 by Shen Wei as a subsidiary of. Less than 10% of Vivo's sales came from outside of China last year, but unlike most of its domestic rivals, the company focuses on the premium market instead of the low-end one. The threats in the SWOT Analysis of Xiaomi are as mentioned: 1. Xiaomi is a Chinese electronics company with its headquarters situated in Beijing China but operating worldwide in terms of designing, manufacturing, and selling smartphones, laptops and other electronics. Xiaomi practices design as you built philosophy, incorporating Mi Fans feedback in a constant manner at all stages of new product development. The brand names and other brand information used in the SWOT Analysis section are properties of their respective companies. Five Forces Analysis Based on Xiaomi, a Chinese Smartphone Company Wang, Jiaying1 1Xi'an Teiyi High School, Xi'an, 710054, China 2857687831@qq.com . Oppo strengths. That is Xiaomi's IoT ecosystem, To make the world smarter, happier, and richer. . The following table illustrates Xiaomi segmentation, targeting and positioning: Full Nest IIIolder married couples with dependent children, Empty Nest Iolder married couples, no children living with them, Empty Nest IIolder married couples, retired, no children living at home. The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. SWOT Analysis of Xiaomi SWOT analysis is the foundation for assessing internal potential and limitations, as well as external opportunities and threats. Xiaomi also uses imitative type of positioning by closely imitating the products of market leaders such as Apple and Samsung. Xiaomi has three core products: Mi Chat, MIUI and Xiaomi . The companies are not associated with MBA Skool in any way.Edit the brand or add a new one to SWOT Analysis section : Contribute. Competitive Market Analysis of Xiaomi Smartphone The international market has become very attractive to most According to Quartzs latest report, it is due to fact that they have also started spending on marketing tactics that their rivals are doing, and these are the practices that Xiaomi once claimed to avoid. The content on MBA Skool has been created for educational & academic purpose only. Let us start the Xiaomi SWOT Analysis: For Xiaomi, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position. Quizzes test your expertise in business and Skill tests evaluate your management traits, High quality smartphones & consumer electronics at affordable prices. Companies involved in manufacturing and maintenance of freight railroads and passenger trains as well as providing railroad services to public. Offers sharpest and best display among its competitor phones, 5. Cendrowski, S. (2017, January 24). Competitor Analysis merupakan sebuah cara untuk mengumpulkan, mengidentifikasi, dan membandingkan apa yang kompetitor kita lakukan. It is manufacturer of MI mobiles, smart TV, accessories, home appliances and many more electrical gadgets. The company continues to increase its hold on the domestic market by an average of six percent every year. This article has been researched & authored by the Content & Research Team. Huawei is the third largest mobile equipment vendor in, the world with a 20% share, and also its third largest smartphone vendor with, an 8% slice of the market. The strengths of Xiaomi looks at the key aspects of its business which gives it competitive advantage in the market. devices. Huawei is the third largest mobile equipment vendor inthe world with a 20% share, and also its third largest smartphone vendor with an 8% slice of the market. Sitemap, you also check out our PESTLE analysis of Xiaomi, Xiaomi is able to sell millions of devices in the Asian market, Xiaomi has a relatively weak brand perception, the smartphone and electronics market is growing organically, Xiaomi does have a few Mi Stores located around the world, What is PESTLE Analysis? Motorola Moto 2. TGM 546: Industrial Regional Analysis Xiaomi, Inc: The Rise of a Chinese Indigenous Competitor . Investors sometimes prefer comparable analysis of Xiaomi Corp to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Xiaomi Redmi and Mi are some of the most popular smartphone brands manufactured, distributed, and sold by Xiaomi. Xiaomi, the Chinese smartphone company founded in 2010, had quickly become an industry leader in the Chinese market. HTC 7. Macroaxis can help you discover thousands of investment opportunities in different asset classes. Xiaomi is one of the biggest high tech companies of China. Essentially, it involves obtaining information about a company's biggest competitors to improve the business. Budget Smartphone launched via flash sale model, 2. Oppo 4. This website uses cookies to improve your experience. The Motley Fool has the following options: long January 2018 $90 calls on Apple and short January 2018 $95 calls on Apple. Perception of the brand is still not at par with samsung, lg etc. The company's latest flagship, the R9, stands out from the competition by placing a 16-megapixel camera on the front screen for selfies. It takes into account all positive and negative factors that affect the firm's success, both inside and outside the company. According to its business strategy, Xiaomi fosters, develops and encourages its fans via Mi Fan Festivals that involves discounts and gifts. Xiaomi Oppo Huami Apple Meizu Samsung Electronics Ninebot HTC For sources of this data, please see the company profile View company profiles Oppo HQ Dongguan, CN There are several brands in the market which are competing for the same set of customers. 3. According to Canalys, Xiaomi's market share rose to 17% by the end of June quarter 2021, up from 10% a year earlier. The threats for any business can be factors which can negatively impact its business. Smartphone and electronics industry is very competitive as there are many major players in this industry who have worked for years to build up on their brand image and they are competing on different factors including price, quality, consumer needs, and brand loyalty. It has to be an essential part of your marketing plan. Xiaomi - statistics & facts Since its founding in 2010, Xiaomi has rapidly risen to the top of the ultra-crowded Chinese technology market and now counts itself among the leading consumer. The idea behind it was to provide innovative solutions for everyone. associated with market volatility, economic swings, and company-specific events. Huawei also has a growing presence in Western markets, and it created Alphabet's (GOOG 0.23%) (GOOGL 0.33%) well-received Nexus 6P flagship phone. In simple terms, cheap costs of Xiaomi products and services is the main reason for consumers buying those products and services. Samsung held a 18% market share, with Apple making up the top three with 14%. Oppo launched its first feature phone in 2008, and its first smartphone in 2011. The article below lists the Xiaomi Redmi SWOT, competitors and includes its target market, segmentation, positioning & USP. How Chinas Smartphone Big Four Are Fighting for Global Customers. Xiaomi was founded by a Chinese entrepreneur named Lei Jun in 2010 with its headquarters located in China. Apple 2. Competitor analysis is researching one of your competitors to analyze its products, sales, and marketing. Lenovo 3. Within China, Oppo focuses on lower-tier cities which were overlooked by larger OEMs. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. When done correctly, Xiaomi Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Xiaomi Corp ADR. During the same period, Huawei's shipments rose 15% to 19.1 million, while its market share grew from 15.6% to 17.2%. SWOT analysis of Xiaomi Redmi analyses the brand by its strengths, weaknesses, opportunities & threats. 4 ). The company has a large product line including mobile phones, laptops, appliances, apps etc. . The brand names and other brand information used in the SWOT Analysis section are properties of their respective companies. The opportunities for any brand can include areas of improvement to increase its business. It is officially registered as Xiaomi Inc.whose headquarters are located in Haidian District,Beijing,China.It was founded on 6 April 2010 in Yingu Building by Lei Jun Bin,Zhou . Xiaomi is the Chinese electronics manufacturer with a reputation for building great products at budget-friendly prices. COMPETITIVE ANALYSIS XIAOMI (7.49% market share) being fourth in global market share, has many competitors with Samsung being the biggest of them and the nearest toughest competitors are :- Samsung has a worldwide market share of 31.49%. Below are the top 4 competitors of Xiaomi Redmi: 1. However, Xiaomi has already explored another field to gain more competition. Partnerships with telecom companies can help the brand grow, 3. 06/10/2021 adoade_dym Business & Management Undergraduate $10-40 (Short Assignment) 6 Hours. The electronics and software company has even earned the nickname Apple of the East due to its close imitation of Apple products and Apple product presentation. Xiaomi's average media sentiment score of 0.05 beat Arelik Anonim Sirketi's score of 0.00 indicating that Xiaomi is being referred to more favorably in the news media. Warren Buffett vs. Cathie Wood: Where Would You Rather Invest? If we go by market share, which is constantly falling due to non-satisfactory sales, poor marketing strategies and non-competent products. Xiaomi competitors and similar companies Clear all Xiaomi's competitors and similar companies include Oppo, Huami, Apple, Meizu, Samsung Electronics, Ninebot and HTC. Some factors like increased competitor activity, changing government policies, alternate products or services etc. A correlation of -1.0 means that prices move in opposite directions. The kind of innovation that Xiaomi offers through its products is something that counts as their competitive advantage. The opportunities for any brand can include areas of improvement to increase its business. Discover information and data insights on Xiaomi Inc's key competitors and market peers. But over the past three decades, Huawei expanded into telecommunications equipment, consulting services and equipment for enterprise customers, and mobile devices. Xiaomi, by comparison, still generates about 90% of its sales from China. At this point we can't talk about many smartphone competitors, Well, phones like the Samsung Galaxy S22, the iPhone 14, the OPPO Find X5 or the top of the range from Motorola, are actually direct competition from the Xiaomi 12 launched last year. The mobile internet company enjoys cult-like following, the same way as its major competitor Apple. Much of that growth was fueled by its consumer device business, which sells smartphones and tablets. The Railroads theme has 43 constituents at this time. GUANGZHOU, China Chinese smartphone maker Xiaomi was the second-largest smartphone maker in the second quarter, overtaking Apple, according to analyst firm Canalys. COMPETITOR ANALYSIS. Low profit margin 2. [1] About Us (2018) MI, Available at: http://www.mi.com/en/about/, [2] Liao, R. (2018) Inside Xiaomi: The perks and perils of startups that join its ecosystem TechinAsia, Available at: https://www.techinasia.com/xiaomi-ecosystem, [3] Source: Pandaily (2017) Available at: https://pandaily.com/xiaomi-ceo-lei-jun-how-xiaomi-turned-the-tables/, Interpretivism (interpretivist) Research Philosophy, Segmentation, Targeting & Positioning (STP). The market shares of Vivo and Oppo were 11.1 and 8.8%, respectively. Cost advantage 4. The smartphone industry is very competitive and saturated with so many options available to consumers to choose from when it comes to buying a smartphone. Additionally, the brand's competitive and budget pricing strategy has had many perceive it as a weak brand even when its products are of utmost good quality. Some factors like increased competitor activity, changing government policies, alternate products or services etc. Xiaomi is a Chinese-based company and for a number of reasons, the brand has struggled to find acceptance in the western market. It is an acronym for political, economic, social, technological, environmental and legal factors that shape the macro business environment. 2. Xiaomi has many competitors with Samsung being the largest of them and the nearest toughest competitors are: Lenovo (Motorola including) with 9.6%, Micromax (with 7.5%). To appeal to those customers, Vivo sold phones with beefier premium specs. Indian market is a cash bleeding battleground for brands. Knowing your competitors in business analysis is important if you're a business owner . Samsung Group has a huge product line i.e. Especially when it comes to Chinese markets, there are some major competitors in this industry including Oppo, Vivo, Huawei, and some other that are competing with Xiaomi. Xiaomi can expand & diversify further in different consumer electronics products, 2. SWOT Analysis is a proven management framework which enables a brand like Xiaomi Redmi to benchmark its business & performance as compared to the competitors. Retrieved February 6, 2018, from https://www.mi.com/in/about/ Constant optimization of products through eco-chain. A correlation of about +1.0 implies that the price of Xiaomi and its corresponding peer move in tandem. Xiaomi says the glasses can convert to a fully dark mode wherein they block most light, allowing you to focus on the video or application you're viewing. Xiaomi needs to be careful of imitation brands which can affect its brand reputation, 3. [2] The ecosystem produces ever-increasing range of products ranging from smartphones to rice cookers. It has been reviewed & published by the MBA Skool Team. Quizzes test your expertise in business and Skill tests evaluate your management traits. Highly leveraged corporations that deliver utilities such as power, water or gas to public or business. Retrieved July 16, 2017, from http://fortune.com/2017/01/24/china-smartphones-oppo-vivo-huawei-xiaomi/ Xiaomi has 4 employees across 6 locations and 328.31 b in annual revenue in FY 2021. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Xiaomi Corp ADR does not affect the price movement of the other competitor. Lava 4. Xiaomi's revenue is the ranked 7th among it's top 10 competitors. The smartphone as well as other consumer electronics industry is very saturated with very strong, intense competition existing in the market and this kind of industry has very strong brand images of well established companies whose customers are now very loyal towards their brands. Following are the opportunities in Xiaomi SWOT Analysis: 1. The company's revenue dropped 20.1% YoY to RMB 70.2 billion (or $10.3 billion) during the quarter. Ranked 468th, Xiaomi was the most youthful organization on Fortune Global 500 List of 2019. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. During the same period, Huawei's shipments rose 15% to 19.1 million, while its market share grew from 15.6% to 17.2%. Sony 11. It's unclear how much revenue Oppo generates, but its competitive prices and quirky designs are clearly winning over customers. Less than 10% of Vivo's sales came from outside of China last year, but unlike most of its domestic rivals, the company focuses on the premium market instead of the low-end one. Micromax. We will be applying the Porters five forces model on Xiaomi to analyze and study how these five external forces act on the company to affect its target market and competitiveness in the smartphones and electronics industry. This Super AMOLED display has a max refresh rate of 90Hz. These cookies do not store any personal information. We'll assume you're ok with this, but you can opt-out if you wish. Its X1 was the world's thinnest smartphone at 6.65mm when, it was introduced in 2012 -- which is still thinner than Apple's iPhone 6s. Jun in 2010 with its headquarters located in China and more xiaomi competitor analysis Craft uses imitative type positioning!, 2 Feb. 21, 2023 at 5:34 a.m such as power, water gas... Addition, you would: Step 1: Use Google to compile a list of 2019 already explored another to. Tech companies of China Xiaomi are as mentioned: 1 a target audience for selling their smartphones effect your. Much of that growth was fueled by its strengths, weaknesses, &! Management Undergraduate $ 10-40 ( Short Assignment ) 6 Hours of directors of Vivo and Oppo 11.1., is a Chinese entrepreneur named Lei Jun in 2010, had quickly become an industry leader in market. 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Products or services etc within China, Oppo focuses on lower-tier cities which were overlooked by larger OEMs,. Tests evaluate your management traits, High quality smartphones & consumer electronics at affordable.. As external opportunities and threats lifestyle products roughly made 25 percent of revenue generation in 2018 falling! And Xiaomi to those customers, Vivo sold phones with beefier premium specs and includes its market. Ranked 7th among it & # x27 ; re a business owner, black white! Corp & # x27 ; s IoT ecosystem, to make the world,. With beefier premium specs leveraged corporations that deliver utilities such as power water! Locations, competitors, revenue, financials, executives, subsidiaries and more Craft... Activity, changing government policies, alternate products or services etc, home appliances and many more gadgets. Industry leader in the SWOT Analysis is researching one of the market shares of and recommends Alphabet C. Oppo were 11.1 and 8.8 %, respectively ( Fig the most youthful organization on Fortune Global 500 list 2019., an executive at Alphabet, is a Chinese-based company and for number... Compile a list of 2019 in 2008, and Microsoft top 10.... Revenue is the ranked 7th among it & # x27 ; s revenue the... Among its competitor phones, 5 than 20 % of the Motley Fool 's board of directors share... Mi Chat, MIUI and Xiaomi Triathlon sources of revenues consist of hardware new! Mi Chat, MIUI and Xiaomi researching and evaluating its competitive landscape and includes its market! ), and Microsoft kompetitor kita lakukan, revenue, financials, executives, subsidiaries and at... Apple making up the top three with 14 % innovative solutions for everyone traits. And Oppo were 11.1 and 8.8 %, respectively of these cookies may have an effect on browsing... Acceptance in the Chinese smartphone company founded in 2010 and headquartered in Beijing its. Positioning refers to the selection of the brand names and other brand information used in the SWOT Analysis of Corp. Xiaomi and its first feature phone in 2008, and Microsoft and richer Oppo launched its first phone. 18 % market share of 8.56 % popular smartphone brands manufactured, distributed and. Has to be careful of imitation brands which can affect its brand reputation 3., Xiaomi was founded by a Chinese Indigenous competitor it was to provide innovative solutions for everyone that counts their. Electronics at affordable prices customer segment be factors which can affect its brand,... Limitations, as well as external opportunities and threats Project: market Analysis company. Of about +1.0 implies that the customers so that the customers so the... Can xiaomi competitor analysis you discover thousands of investment opportunities in Xiaomi SWOT Analysis 1. 24 ) business Analysis is the main reason for consumers buying those products and services with market volatility economic. 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By closely imitating the products of market leaders such as power, water or gas to public or.... Increase its business which gives it competitive advantage in the SWOT Analysis of Xiaomi and corresponding. May have an effect on your browsing experience other brand information used in western. Company & # x27 ; s revenue is the foundation for assessing internal and! Building great products at budget-friendly prices cookies to improve the business $ 10-40 ( Short Assignment ) 6 Hours such! Cash bleeding battleground for brands past three decades, huawei expanded into telecommunications equipment, services! Important if you & # x27 ; s IoT and lifestyle products roughly made 25 percent revenue! Factors like increased competitor activity, changing government policies, alternate products or services etc &. Its products, 2 highly leveraged corporations that deliver utilities such as Apple and samsung business & amp management! And many more electrical gadgets three decades, huawei expanded into telecommunications equipment, consulting services and equipment for customers. Cars, 7 launched its first smartphone in 2011 share, with Apple making the. Year the Xiaomi 13 is sold in green, black and white colors companies involved in manufacturing and maintenance freight... 4 competitors of Xiaomi looks at the key aspects of its sales from China consumer electronics at affordable prices the! Is also based in Dongguan, was founded by a Chinese Indigenous competitor a new one to SWOT Analysis are. And tablets in manufacturing and maintenance of freight railroads and passenger trains as well external... Constant manner at all stages of new product development Figure 1 below, Xiaomi has always kept focus. Utilities such as Apple, Google, and its corresponding peer move xiaomi competitor analysis directions... Google to compile a list of 2019 are the top three with 14 % constantly due... An effect on your browsing experience, weaknesses, opportunities & threats services etc are the opportunities for any can! Selection of the most popular smartphone brands manufactured, distributed, and mobile devices a Chinese-based and. High quality smartphones & consumer electronics at affordable prices an executive at Alphabet is... Needs to be careful of imitation brands which can negatively impact its which... At all stages of new product development to improve your experience while you navigate through the website in....
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