The phone rang suddenly.
Needless to say, it's definitely about the DragonTeng mobile phone issue.
Ye Feng did not intend to tell Lei Bus about this.
Furthermore, a special equity structure was used during the initial registration.
To put it simply...
Ye Feng's identity as the behind-the-scenes boss will remain undiscovered as long as he doesn't reveal it.
Answer the call.
Ye Feng spoke first: "Brother, are you here for the DragonTeng phone?"
“Yes.” Lei Jun’s voice was filled with undisguised worry: “Brother, do you know the background of this company?”
Ye Feng: "I don't know."
Lei Jun: "This company suddenly appeared, and it's so powerful."
The first product they released became incredibly popular.
I panicked immediately and didn't know what to do.
Brother, please give me some pointers.
It's no wonder he behaved this way.
Longteng Mobile came out strong with a bang, showing no signs of slowing down.
It's fair to say that it completely stunned Xiaomi's low-end phones.
Before calling Ye Feng, Lei Jun had already gathered all the company's senior executives together for a meeting.
We discussed how to respond.
They also offered some suggestions.
However, Lei Jun thought it was completely useless.
In the end, there was really no other way.
They could only seek Ye Feng's help.
Ye Feng had long anticipated that Lei Jun would contact him.
However, he felt no remorse.
After all, we're all businessmen, you can't stop me from making money, can you?
Moreover, Ye Feng's original intention was to prevent foreigners from holding him hostage.
Ye Feng: "Brother, you only have one way to break this deadlock right now."
Leibusi's body stiffened involuntarily: "Please speak."
Ye Feng: "Establish a sub-brand and target the low- to mid-range market."
Lei Jun frowned: "I don't quite understand."
Ye Feng: "To say something you might not like to hear, in the mid-to-high-end market, Xiaomi phones can't compete with regular phones right now."
So, let's focus on the low-to-mid-range market for now.
We will launch mobile phones priced between 500 and 1500 yuan.
Lei Jun: "However, a low price means that the phone's performance won't be that strong."
It might even lag or cause other issues. Would anyone still want it then?
Ye Feng laughed and said, "Brother, you're mistaken."
Currently, there are at least 800 million low-income people in my country.
Many people need cell phones simply to make calls and send text messages.
There are also some college students from poor families; you can't expect them to afford expensive cell phones.
At this point, having an inexpensive and durable mobile phone to contact family members would be more than enough.
This is a huge market, buddy. I wouldn't be telling you this if you weren't on my side.
Ye Feng's words enlightened Lei Jun!
His breathing suddenly became rapid.
"Haha, you're really something, brother. I never thought of that before."
"I understand. I'll do it now, and you can just wait for the huge bonus at the end of the year."
After saying that, he couldn't wait to end the call.
Ye Feng smiled.
A complete business district was then formed.
Their own brand focuses on the mid-to-high-end market.
The invested coarse grain group will focus on the low-to-mid-range market in the future.
Barring any unforeseen circumstances.
In the future, these two companies will be the top two players in the domestic mobile phone market.
Five days have passed in the blink of an eye.
The high-end chips that Long Xiaowu was asked to purchase have been shipped back through various channels.
The factory began full-scale production.
In particular, the Longteng M1 has already accumulated over 500,000 pre-orders.
These customers who made reservations all paid a deposit of one thousand yuan.
People wait every day, they complain every day, calling it a form of scarcity marketing.
The S1 also sold very well.
In just a few days, a total of 1.2 million units have been sold.
It is worth mentioning.
Seeing how popular Longteng phones are, over a hundred software companies have already contacted them.
They're going to pre-install software or embed ads on the phone.
This portion of the revenue.
You can earn more than 300 yuan from just one machine.
Adding the profit from the phone itself, you can make about 400 yuan per phone.
The S1 alone has already generated nearly 500 million in revenue.
With this score.
Even if funding issues arise later, obtaining a bank loan will be a breeze.
Moreover, Longteng mobile phones currently have no offline stores; they are all sold online.
This greatly reduces costs.
However, physical stores will also need to be opened.
In its previous life, Xiaomi's basic mobile phones focused primarily on online sales.
Then, without anyone noticing, offline markets, especially third- and fourth-tier cities and rural areas, were completely taken over by OPPO and Vivo.
By the time the coarse grain factories realized what was happening, this market share had basically been completely taken over.
But there's no rush now.
Once we have sufficient funds, we will then expand into the offline market.
"Um!"
Ye Feng got up and stretched.
He has been working day and night these past few days.
I eat and live at the company.
There are too many things to deal with.
It mainly consists of two operating systems.
He needs to handle this personally to feel at ease.
With relentless investment, both operating systems have become increasingly sophisticated.
In particular, the mobile phone system runs very well on the M1.
So far, we have not received any complaints or feedback regarding the first batch of phones sold.
They mentioned problems such as the phone freezing or overheating.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
Continue read on readnovelmtl.com
