Xiaomi filled the airwaves yesterday with the arrival of its newest value-for-money blockbuster – the Redmi Note 2 – which carries the stunning price of 799 Chinese Yuan for the basic 16 GB version, translating to about $125 without any contract shenanigans.
Xiaomi made its glory on such well-appointed phones that it usually begins to sell near cost, but keeps them longer on the shelf than usual, and turns a profit when component prices start going down with time. The big fly in the ointment this year, however, is that some Chines manufacturers have begun to mimic Xiaomi’s strategy, resulting …
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