What you need to know
- Xiaomi is setting its sights on Apple in China.
- Founder Lei Jun says the company is aiming to benchmark against Apple in both products and experience.
- It also wants to become China's biggest high-end brand in the next three years.
Xiaomi chief executive and founder Lei Jun has said the company wants to benchmark against Apple in terms of both product and experience and become China's dominant high-end brand within three years.
In comments posted to Weibo noted by SCMP Lei said:
Lei went on to say that the high end smartphone arena, which features Apple's best iPhones like the iPhone 12 and iPhone 13, is "a war of life and death". The company recently committed some $15 billion to research and development over the next five years. Lei also reiterated the company's longer-term goal to become the world's number one smartphone vendor, an effort that also involves opening an astonishing 20,000 new stores in China on top of the 10,000 it already operates.
A Counterpoint report from December noted that Apple had become the dominant brand of smartphone in China in October 2021 thanks to its iPhone 13, from that report:
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9
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