Rising Chinese smartphone maker, Xiaomi, has made great strides in the last few years. The brand has risen to become the largest mobile brand in China and one of the largest in the world. But Xiaomi says that counterfeits of its products is their biggest headache now. Xiaomis CEO, Lei Jun, has been reported as saying, “If there were no counterfeits, our sales would be double or triple.”
Like Patrick Moorhead said, that sounds just ironic:
Does anyone else see the irony in this? / Xiaomi Confronts Counterfeits as Fake Products Eat Into Sales http://t.co/kTD97iWPFp
— Patrick Moorhead (@PatrickMoorhead) April 14, 2015
Consider that Xiaomi itself started out basically copying others and you get the point….
At any rate, all successful products have to face the problem of counterfeits.