Xiaomi promises to give back to users if net profit margin exceeds 5%
"If we sell our products at close to cost and return value to our users, then we can earn the long-term support of our users. Aiming for large volumes with small profit margins will still result in suitable hardware profits for us in the long term," the Xiaomi CEO added.
Xiaomi with over 51 per cent growth was at fifth spot in China In the first quarter of 2018. Image source: Reuters