How does Xiaomi sell phones at such low price?

If you are a Xiaomi fan, you probably know this. But as a refresher, take a look at the last year’s Code Conference with Hugo Barra and Walt Mossberg. It’s an amazing presentation and gives you a lot of insight into how Xiaomi operates and thinks.

Now, bring on the IO and new products and announcements from Xiaomi!

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How does Xiaomi sell phones at such low price?