Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Little Rice Takes On Big Apple Inc. (AAPL)

Apple Inc. (NASDAQ:AAPL) is increasingly being targeted by Xiaomi, especially now that the Chinese company has launched new devices like the Mi Note, Eunice Yoon says in a report for CNBC.

Apple, is AAPL a good stock to buy, Xiaomi, Mi Note,

According to Yoon, Xiaomi directly compared its Mi Note and Mi Note Pro to Apple Inc. (NASDAQ:AAPL)’s iPhone 6 Plus when the devices were launched by the company on Thursday.

“Xiaomi means little rice but this Chinese company has big ambitions. The company launched the Xiaomi Note. This is going to be a direct competitor to the iPhone 6 Plus,” Yoon said.

According to the CNBC correspondent, the new phone comes in two colors – black and white – and will have a 4-megapixel front camera and a 13-megapixel main camera.

“The biggest selling point, the company says, is that this phone is thinner, lighter and a little bit shorter than the iPhone 6 Plus,” Yoon added.

Apple Inc. (NASDAQ:AAPL) launched the iPhone 6 and iPhone 6 Plus in September, the first time the company launched two phones with decidedly big displays.

According to Yoon, the Mi Note is the first departure in Xiaomi’s low-cost smartphone strategy. The Mi Note standard, she said, will be sold for $376 off contract and the upgraded pro version of the phone will be sold for $540 off contract. It may be pricey for Xiaomi, she said, but it is still more affordable than the iPhone 6 Plus.

Aside from targeting Apple Inc. (NASDAQ:AAPL), the company’s top executive said that he wants to be the biggest smartphone maker in the world in the next five to 10 years.

David Einhorn’s Greenlight Capital owned about 9.17 million Apple Inc. (NASDAQ:AAPL) shares by the end of the third quarter of 2014.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!