Give Xiaomi credit — it’s willing to rip off lots of different sources and not just one. In this report on Lowyat.net, we noticed this picture of one version of Xiaomi’s Mi 4 whose rear panel bears a striking resemblance to the wooden version of the Moto X.
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The front of the device, of course, looks just like the iPhone 5s, as you can see in the picture below.
Xiaomi has grown into a huge company by making phones with high-end specs that are both dirt cheap and bear a striking resemblance to other popular mobile phones on the market. The recently released Mi Note, for instance, features a 5.7-inch 1080p display, a 2.5GHz quad-core Snapdragon 801 processor, 3GB of RAM, a 13-megapixel camera,a 4-megapixel front-facing camera and a 3,000 mAh battery, and it costs just $370 off contract.
Of course, selling these high-end devices with low-end specs doesn’t mean big profit margins. To get an idea of just how slim that margin is, consider that while Xiaomi generated roughly $4.3 billion in revenue in 2013, it pulled in a profit of only $56 million and an operating margin of just 1.8%. Given this, it’s hard to see whether the company’s current success is really sustainable no matter how fast it’s growing right now.
