The world’s first Qualcomm Snapdragon 888-powered cell phone, the Xiaomi Mi 11, has been released in China. The gadget flaunts a great specifications sheet: 6.81 inches AMOLED panel with a 3200 x 1440 resolution and 120Hz refresh rate, an under-screen fingerprint sensor, a triple camera system with a 108MP main sensor, a 5MP telephoto unit, and a 13MP ultrawide module, and a 4,600mAh battery with support for 55W wired and 50W wireless charging.
The base variation with 8GB of RAM and 128GB of storage costs 3,999 Chinese Yuan (~$612). Western costs haven’t been reported at this point.
As per Xiaomi chief Pan Jiutang (by means of Xiaomi Today), the Mi 11 costs the equivalent to make as the iPhone 12. The 128GB variant of the phone retails for 6799 Chinese Yuan in China and $879 in the US.
This makes the iPhone 12 almost $429 more costly in China.
Dissimilar to the iPhone 12, the Mi 11 can be purchased as a feature of a pack that incorporates a charger at no additional cost.
Per a prior report, the estimated bill of materials (BoM) cost for the iPhone 12 is $373. The BoM just shows the amount it costs a merchant to acquire components needed to make a product and it doesn’t consider different costs, for example, research and development, salaries, and marketing.
In spite of the fact that Xiaomi hasn’t uncovered Mi 11’s BoM, we do realize that the organization has pledged to keep profit margins low. Apple and Samsung, then again, are known to keep hefty margins on their phones.
This additionally clarifies why Apple caught 59 percent of the industry benefit in Q2 2020, despite the fact that it was the third biggest player and made up just 14 percent of the complete shipments.
Xiaomi’s competitive pricing system has caused it to discover accomplishment in two of the world’s biggest cell phone markets – China and India. In the second from last quarter of 2020, the organization brought down Apple as the third-biggest cell phone producer. This was generally on the grounds that Xiaomi aggressively attempted to seize Huawei’s market share and Apple’s shipments suffered in light of the deferral in the launch of the iPhone 12 series.