07-10-2021, 09:27 PM
(07-10-2021, 08:55 PM)sgbuffett Wrote: I own xiaomi stock. ....maybe I should have bought Apple stock....the reason is this.
It's not how many phones you sell....it is whether you can squeeze your customers to pay $1600 for a phone.
.Xiaomi sold it's 5G phone for $200...Apple sold theirs for $1600.
Which is the better stock?
Apple has formed something like a cult. I've a friend who only buys Apple products and will be one of the first few to try their latest products.
I also heard from my Chinese relatives that Xiaomi phones, although very well-received world-wide, do not have many buyers in China. Indeed, when I compared my Xiaomi phone (which I bought for fun) to Huawei one, it is not as good. However, I think Xiaomi has a lot of potential because it has a good ecosystem for its products.