New Delhi, April 15 – hinese tech giant, Xiaomi might have made a Guinness World Record by selling 2.11 million handsets in a day, however, the company is reportedly now worried about the fake products eating into its profit.
Speaking in a press conference at Xiaomi’s headquarters in Beijing, the company’s CEO Lei Jun has stated that the biggest problem for the company right now was that there were many fake Xiaomi products in the market.
“What is the biggest problem? There are many fakes,” Lei said as quoted by Bloomberg. “If there were no counterfeits, our sales would be double or triple. The product has been recognized by everyone,” he has added.
According to Lei, the sales of the fake battery packs took nearly $115 million of potential revenue from the company. Xiaomi has sold 14.6 million units of its Mi Power Bank last year, which is less than half of the predictable numbers. It may be reminded that Xiaomi sells three types of Mi Power Bank models – 5200mAh, 10400mAh and 16000mAh.
-INDIA TODAY
