back to article Secretive Chinese smartphone maker Xiaomi gets TALKY over HUGE sales

Chinese tech giant Xiaomi racked up 74.3bn yuan ($11.97bn) in pre-tax revenue last year, the company's president Bin Lin said today. The vendor apparently had a mega 135 per cent growth spurt in 2014, after it sold more than 61 million smartphones during the 12-month period. Xiaomi's co-founder didn't offer any details on …

  1. Bob Vistakin
    Holmes

    Microsoft will be pleased

    At all the Android extortion fees this Chinese company must be paying them.

    1. Anonymous Coward
      Anonymous Coward

      Re: Microsoft will be pleased

      Do we know whether Microsoft has come to an agreement with them yet? I don't remember reading that, and they probably weren't on Microsoft's radar until a couple years ago when they started to really get big in China.

      I did read that Microsoft's new CEO met with Xiaomi's CEO a few months back. The guess was that they might be talking about having Xiaomi build some Windows phones.

      1. asdf

        Re: Microsoft will be pleased

        >The guess was that they might be talking about having Xiaomi build some Windows phones.

        Probably not. The new Microsoft CEO actually cares about profit. They were probably discussing patent licensing on Android (vfat actually) after all which very much unlike windows phone is pure profit for Microsoft.

        1. P. Lee

          Re: Microsoft will be pleased

          >The new Microsoft CEO actually cares about profit.

          You're confusing the goals of owner-managed private companies with widely-owned stock-market corporates. Owner-managers don't want to make corporate profit as that just leads to more tax. They want to extract maximum benefit without profit. Ramp up the expenses, check out that possible factory- site in the Bahamas; business meetings in New York around the time of the January sales, that sort of thing.

          1. Anonymous Coward
            Anonymous Coward

            Owner/managers don't want profit?

            Obviously if you can "check out that possible factory site in the Bahamas" so your business pays for your vacation instead of using taxed money to do it that's great, but you aren't going to spend money unnecessarily to avoid taxes.

            Wasted money is equivalent to a 100% tax rate, and I think most of us pay quite a bit less than that :)

    2. This post has been deleted by its author

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