XiaomiMi4i

Under the care of former Google executive Hugo Barra, the once little-known Chinese manufacturer Xiaomi has made a name for themselves in the past 2 years. Successful phone releases, millions upon millions of devices sold and last year releasing the simple yet very impressive Mi Band, which IDC today says has helped it to claim second place in the wearables market.

IDC says that Xiaomi shipped an impressive 2.8 million devices in the last quarter, accounting for just shy of 25% of wearables shipped. It’s important to note that Xiaomi represents a very cheap option, with deals on the Mi Band ranging from AU$22 and up if you keep your eyes open on the bargain websites.

wearable-market-share-q1-2015-idc

IDC points to “price erosion” driving the growth in the top 5 vendors, with 40% of devices sold coming in under $100. This either validates or confirms Xiaomi’s model (depending on how you look at it), wanting to take on the big guns with a decent quality product at a red hot price.

It’s up to Xiaomi to work out how best to deliver profit within that model, though – these figures are based on units shipped, not revenue or profit.

Do you own one of the 2.8 million devices shipped by Xiaomi last quarter? Share your experience with the Mi Band with us.

Source: IDC.
Via: Engadget.
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Darren Ferguson
Darren Ferguson
5 years ago

Is this the company that got busted sending your messages via some server in China?

Matt
Matt
5 years ago

The only thing I’m happy about here is price erosion. I like it. More please.

lobie81
lobie81
5 years ago

I ordered a mi band from China a few weeks ago. It hasn’t arrived yet. I couldnt justify $100 for such a device and i don’t want another screen to look at. I am keen to monitor sleep, though, and at this price point I just had to give it a go. I’m also keen to see what the dev community can do with it.

IP
IP
Reply to  lobie81
5 years ago

I bought one off gum tree, brand new, the dude had bought them in HK and hopped on a plane lol. Sleep tracking works amazingly well, I’ve been comparing with the android sleep cycle app.

Really good device for the price, build quality felt solid too. Love that my battery lasted 55 days