Four years ago, the Xiaomi customer gadget organization did not have a cell phone element. The startup is currently worth $45 billion and has proven to be one of the top three phone makers on the planet. Xiaomi figured out how to take the world of electronics and smartphones by storm in 2014. Their main gadget, the Mi4, stood out among its other smartphone offerings in history and paved the way for mid-range smartphones. range and their market base. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”?Get the original essay The organization was established by eight accomplices in 2010 and was funded by a Singapore-based group of speculators called Temasek Property and Chinese investors called IDG Capital. alongside the accomplices of Qiming Adventure. They were one of the first companies to be backed by major mobile phone companies, Qualcomm. Xiaomi continues to use its processors for its devices even today. The company makes smartphones for China, Taiwan, Singapore and other Southeast Asian countries, but with low overhead costs, its gadgets are sold only on the web to offer great prices. uses components from a range of external suppliers instead of trying to make its own parts, so it doesn't have to compromise on hardware specifications, as big tech companies often do. Xiaomi officially launched its first Android-based MIUI firmware in August 2010. Their product depended on Stock Android and was somewhat of a mix of Samsung, TouchWiz, and iOS. After a year, they launched their own branded cell phone called Xiaomi Mi 1. This smartphone came with MIU firmware. This blend of their own design, creation and programming was an incredible achievement and in this way, more and more smartphones took over. Their presentation methodology was a challenge: they decided not to use conventional advertising but rather to focus on verbal promotion via online life. They simply sold their items on the Internet and through accomplices. These decisions saved them a ton of the usual costs required to put another item on sale to the public. They used this to keep the item's estimate attractive. After establishing and conquering the Chinese market, they began to grow geologically, first in what remained of the Asian market (2014) and then in Europe (2016) by opening a store in Spain. They have also expanded their assortment by establishing partnerships and expanding their product catalog with more smartphones, smart bracelets, power banks, lighting, home automation and tons of other gadgets. Mi started its India journey with Mi 3 in July 2013. phone that transformed the Indian smartphone market. Until the Mi3 came to India, the concept of an “affordable flagship phone” was non-existent. Following the success of the Mi3, the organization introduced the Redmi 1, which was the best section-level cell phone. The organization has also collaborated with Airtel unannounced to let customers experience how 4G can help them with faster internet access using the Redmi Note. 4G has also given more ground to the organization which until then was limited to online offerings and marking through Amazon and Flipkart. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay Before the end of 2014, the organization had officially sold about 1.