Most users have shifted from simple phones to smartphones. The use of smartphones has seen spectacular growth in the recent past. Through the innovative strategies of Xiaomi, it is likely to become a game changer in the near future. The finding indicates that the company needs to focus on improving its product quality, advertising and distribution network to face fierce competition. The study aims to analyse the Indian smartphone market with the business model, marketing mix and innovative strategies of Xiaomi in order to identify its strengths, weaknesses, opportunities and challenges. Samsung of South Korea and Xiaomi of China are expected to continue their fight for top slot in 2019. It has become a global player from a startup company in smartphone market in a span of not even a decade. Xiaomi the Bengaluru headquartered firm has entered the Indian market on July 15, 2014, in partnership with Flipkart to sell its smartphone with a concept of Flash sales. ![]() Xiaomi has launched its first smartphone in August 2011 and became the largest smartphone company in China by 2014. Xiaomi being the “Coolest Company” in the heart of its users is committed to continuous innovation. Xiaomi Corporation which was founded in April 2010 was listed in the Hong Kong stock exchange on July 9, 2018. 2.93 bn in 2017–2018 (according to IDC, Counterpoint Research). The firm that sells smartphones under the brand Redmi and Mi had a net profit of Rs. Xiaomi’s India revenue jumped 175% in 2017–2018 to Rs. The organization has achieved an astounding growth. According to IDC India, Xiaomi has 29.7% of market share at the end of Q218. Currently, Xiaomi revenue comes from the sale of products like smartphones, Iot, lifestyle products, advertising services and internet value-added services (which include online games). Xiaomi which has emerged as the top smartphone brand in India also manufactures consumer electronics and mobile apps. ![]() It produces low-cost but high specification smartphones. Xiaomi (the word Xiaomi means millet which means a “grain” that is a staple diet in various parts of the world) is the world’s fourth largest smartphone (a smartphone is a mobile phone with various functions of a computer) company based on total shipments. Often there is very limited seating at the reduced price, the route involves multiple stops, change fees are exorbitant, and extra baggage charges or other fees apply.The case study is based on Xiaomi Corporation, a Chinese Public company, headquartered in Beijing, China.
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