? 2. The biggest impact of Xiaomi on traditional mobile phones is actually a revolutionary change in cost structure. Traditional mobile phone is manufacturing cost+marketing cost+channel cost, while Xiaomi is the result of social marketing, keeping the marketing cost extremely low. Furthermore, the manufacturing cost can be divided into "component cost +OEM cost", which is difficult to reduce. In fact, Xiaomi has also taken a shortcut, which is "economies of scale+time difference". The so-called economies of scale, in fact, Apple's mobile phone is the same. A single mobile phone can be purchased on a large scale, reducing the procurement cost. The earliest revolution of this idea is actually the Ford Model T, and the time difference is the so-called "futures", that is, the parts are reduced in price according to Moore's Law. The revolutionary nature of Xiaomi lies in: traditional mobile phones are expensive first, earning a lot of money, and then gradually reducing prices, such as Samsung and Motorola, which are all diving kings; When Xiaomi comes up, it is the pricing of manufacturing costs. At first, I didn't make money, but later I made money by reducing the price of components.