Xiaomi, China’s New Phone Giant, Takes Aim at World
Lenovo CEO Yang Yuanqing says Xiaomi’s business model is no longer unique. “It’s just an online model,” he says. “Now everyone knows how to do that.” A Huawei spokesman says it doesn’t comment on competitors.
Boldfaced emphasis added by me.
Oh really?
Barnes & Noble thought it was easy too.
So did Cool-er.
So did Kobo.
And countless others whose names aren’t even remembered.
“We’ll just do what Amazon did,” they thought.
And they all lost their shirts!