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Xiaomi Promises to Give Back to Users if Net Profit Margin on Hardware Exceeds 5%

Teufel

EntMnt Knight
Finest Member
#1
Xiaomi Chairman, CEO and Founder Lei Jun on Wednesday announced that the company will forever limit the net profit margin after tax for the entire hardware sales -- including smartphones, Internet of Things (IoT) and lifestyle products -- to a maximum of 5 percent. Jun promised its users that the company's hardware business will have an overall net profit margin that will never exceed 5 percent. "If the margin crosses 5 percent, then we will find a way to return the excess above 5 percent to our users," he said in an email to all Xiaomi employees.

Xiaomi Promises to Give Back to Users if Net Profit Margin Exceeds Five Percent - News18
 

scorpionking76

Administrator
EntMnt Staff
#2
That's a great initiative
 

Sanjeev

Core Member
#3
Will they give to all customers or only to new ones