Xiaomi’s valuation plunges as shipments dive

first_img Xiaomi off the hook in the US Xiaomi smartphone surge bears fruits Previous ArticleLG to make chips at Intel factoriesNext ArticleCisco lines up massive job cuts within weeks Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more Joseph Waring Author Devices Relatedcenter_img Chinese vendor Xiaomi suffered a dismal quarter, with total shipments falling sharply, its market share down and its valuation plunging.The once fast-rising smartphone maker was valued at $46 billion a year ago and was thought of as the world’s most valuable startup. After Q2 smartphone rankings were released, Richard Windsor wrote in his Radio Free Mobile blog that the company’s current revenue level values it at just $3.6 billion. He expects the vendor’s revenue to fall 10-20 per cent this year.Xiaomi’s smartphone market share in China fell to 9.5 per cent in Q2 from 16.1 per cent a year ago, as shipments contracted 38 per cent to 10.5 million units, according to IDC. Local rivals Huawei, Oppo and Vivo all posted double-digit growth.Counterpoint Research was more kind; it had Xiaomi’s shipments in China down only 26 per cent to 12.6 million units. It put its global shipments as falling 24 per cent to 14.5 million units.Xiaomi itself does not release official financial information.Despite a strong overseas push in India and a few other markets, non-China shipments accounted for just 13 per cent of total shipments.While TrendForce in March forecast Chinese branded vendors to expand total shipments 16 per cent this year, Xiaomi’s target was 12.5 per cent. But after a flat Q1 and the sharp decline last quarter, there are no signs the six-year-old firm will return to high growth anytime soon.Windsor forecasts Xiaomi will ship 59.7 million units this year, which will give it revenue of $14.9 billion based on an average selling price of $250. “I find myself struggling to value the company anywhere near $5 billion,” he said. smartphoneXiaomi Smartphone shipments to ride 5G wave HomeDevicesNews Xiaomi’s valuation plunges as shipments dive Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 17 AUG 2016 last_img read more

Creating Eco-consciousness about Natural Fabrics and Remodeled Garments amongst Youth

first_imgEco-consciousness is a concern in consumer buying behaviour especially with the fast fashion demands by the youth. Campaigns, on being sensitive and good to the environment and enhanced consumer wellbeing for a better tomorrow, are being undertaken by fashion-conscious personalities and organizations. A research study was conducted by Ms.Tejashree Gaikwad Ms. Sakina Shajapurwala under the guidance of Dr. Vishaka Karnad and Mrs. Vibhuti Khedekar from College of Home Science Nirmala Niketan Affiliated to the University of Mumbai. It was presented at the Avishkar Research Convention. The study involved hands-on research endeavour to create eco-consciousness amongst youth (Target group 18-22 years). It was specific to creating awareness about natural fabrics and remodelling garments and to bring such fresh fashion to the threshold. It is important to stabilize fast-moving fashion, to reduce wastage and dumping old garments and leveraging the use of natural fabrics that are bio-degradable along with being India’s strong indigenous reserve. Data was gathered with online survey and other means for enhancing eco-consciousness in the focus area were executed. Tools employed for creating eco-consciousness among youth specifically to using natural fabrics and remodelling of garments included press articles, videos, radio features, online presence on social media and conducting demo-workshops thereby activating eco-consciousness. Data analysis and findings shared emphasize the need for such initiatives for making the youth eco-conscious. The initiatives undertaken received appreciation and constructive respondent’s feedback leading to further recommendations for intensive research in this emergent area of Eco-consciousness.last_img read more