Xiaomi says counterfeiters are hurting sales

Xiaomi, a company that has arguably been influenced by Apple products, is now complaining about counterfeiters.

Xiaomi recently explained that counterfeiters copied the design of its Mi Power Bank last year and ultimately caused a huge detriment to sales of its accessory. According to Bloomberg, Xiaomi sold 14.6 million Mi Power Bank Units—an impressive figure already—but that that company had originally expected to sell twice that many. Losses may total as much as $115 million.

“What is the biggest problem? There are many fakes,” Xiaomi CEO Lei June said recently. “If there were no counterfeits, our sales would be double or triple. The product has been recognized by everyone.” Xiaomi sells three different Mi Power Bank models, including one with a 5,000mAh battery, a 10,400mAh model and a 16,000mAh model.

Several of Xiaomi’s phones have been accused of ripping off of Apple’s product designs, some of which probably helped it become the world’s largest smartphone OEM in China. Is this a classic case of “what goes around comes around?” Seems so.

 

 

 

Posted in News Feed.