Futures and spot are completely different. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts with some bulk products such as cotton, soybeans and oil and financial assets such as stocks and bonds as the targets.

Generally speaking, Xiaomi futures refers to another important law in hardware production, that is, the more the production quantity, the lower the cost of dilution to each mobile phone. For Xiaomi mobile phone, of course, you can't sell more in the first few months, because that's when the profit is extremely thin or even sold at a loss.

What have you been doing these months? Round after round of toothpaste-squeezing sales, constantly reminding users of the existence of millet, come and grab it, sorry that there are too many buyers, you can't buy it, but you will continue to be interested.

After a few months, the cost of hardware really dropped, so as to release sales and let most users buy it. This is also the time when the profit margin of each mobile phone is the highest. In a few months, when this mobile phone completely loses its competitiveness, the next generation of Xiaomi will come again.