My Fintech Empire

Some competitors in the same industry not only want to sell their products cheaply to create a cost-effective advantage, but also purchase chips from international manufacturers at high prices. Then the profits of the company are as low as those of ordinary manufacturing industries. This is to destroy their own profits. If we create cost-effectiveness, then what about high-end manufacturing and high value-added profits?

This is fundamentally different from domestic companies in other fields that achieve technological breakthroughs and then mark prices down to cabbage prices. Because what is being eliminated is the profits of international manufacturers, not their own profits, so they can still make a profit by marking down prices. .

Some colleagues in the current smartphone industry have also discovered that while creating cost-effectiveness and selling products at extremely low prices, they also have to purchase chips from international manufacturers and pay high fees. This approach is a dead end and is not sustainable, because No profit. So in recent years, I have also wanted to go high-end. To put it bluntly, I don’t want to sell it so cheaply, and I want to raise prices. This is called hitting the high-end.

While his peers were being secretive about product profits, Qin Feng said frankly at this moment: "There is still profit to be made from MIX at this price, but the profit margin is not as good as STAR4 mobile phones, although the unit price is higher than STAR4 mobile phones. Several thousand yuan, although the key hardware of MIX is replaced by domestic semiconductors, which greatly reduces the cost, the cost line is there. "

Qin Feng then said bluntly: "Generally speaking, the profit of MIX at this price can be about 15%. There are still many dissatisfaction points with the first-generation product. I feel guilty that it is too expensive. Of course, money must be earned." Profits are also needed. Without profits, current R\u0026D efforts cannot be maintained, and the company cannot continue to operate.”

"Everyone knows that Xingyu Technology ranks first in the world in terms of R\u0026D investment. Last year, it spent a total of more than 300 billion and rushed to 400 billion. The extraordinary technological breakthroughs of MIX are not only due to the outstanding technical level of our R\u0026D team, but also the extraordinary technical level of our R\u0026D team. In addition, huge investment in research and development is also extremely critical. Without so much money invested in research and development, it would be impossible for MIX to be launched so quickly.”

"This year we issued corporate bonds to raise 20 to 30 billion yuan from the market. Friends who follow our corporate dynamics should know this. As for the company's total R\u0026D investment this year exceeding 400 billion yuan, it is confirmed. Frankly speaking, R\u0026D expenses are still relatively tight. Yes, we hope that the sale of MIX will bring new profit growth points to the company, so that we will not need to borrow money from the market next year.”

Sincerity is the ultimate skill!

Qin Feng's remarks made many consumers express that they must not let Xingyu Technology lose money on research and development. Such a company is really rare.

Even from a consumer perspective, the innovation capabilities of the smartphone industry without Xingyu Technology have slowed down significantly in the past three years, and it has been unable to bring better consumer products.

Nowadays, Xingyu Technology comes out with MIX, and it is a super king in the field of head-mounted display terminal equipment. It makes the world more convinced of technological innovation and progress. If you want to experience more excellent consumer products, you have to look at Xingyu Technology.

Many people in the industry are also speechless. They find that the companies of Qunxing are really unique in the current business environment. They focus on being sincere, frank, and taking the route of simplicity. This includes companies such as agricultural products merchants and supermarkets. In this way, the majority of consumers still stick to this.

Today, many people are studying the unique corporate culture and business philosophy of Galaxy.

As time passed and towards the end of the press conference, Qin Feng said again on the stage: "The future of the MIX series products has endless room for imagination, and it will bring more possibilities to us and our world."

“For example, our R\u0026D team has begun planning to support the demonstration and research of telemedicine and other scenarios after the popularization of 5G communication technology in the future. The wearer can remotely control the robot hand to perform the same operation simultaneously by making a gesture of holding a scalpel to operate the imaging object. Actions."

Regarding Qin Feng's description at this moment, many people knew that he was drawing cakes, but they were still looking forward to it, because the cakes he drew could become reality.

As far as the telemedicine scenario is concerned, with the innovation capabilities of Xingyu Technology, the first-generation MIX head-mounted display launched now is already so advanced. In a few years, it will not be unreachable to use this equipment to achieve remote medical surgery.

Qin Feng looked around at the attendees: "In the experience venue in the next hall, we have prepared 300 sets of MIX terminals. After the meeting, you can go and experience them first. The specific launch date of this product is set for May 26, and it will be available at Sales at Xingyu Technology’s major offline stores will also be synchronized online.”

After hearing the release date announced by Qin Feng, everyone couldn't help but calculate the time, which was ten days later.

…

As soon as the press conference ended, MIX news almost occupied the front pages of major domestic media. People from all walks of life who came to the press conference did not leave the Xingyu Technology headquarters, but ran to the next hall.

At this moment, a long queue has formed at the experience venue next door, all wanting to see it in person. The hype others say is not as intuitive as experiencing it in person.

Everyone can experience it for about 20 minutes, and the venue will remain open until closing around 17:00.

An electronic product enthusiast became one of the first people to experience it. He came to the experience venue and looked around and couldn't help but sigh: "After all, it is a big manufacturer, high-end and fashionable. It deserves to be a leading domestic high-tech enterprise in the world!"

The indoor area of ​​the experience venue is very large, and the layout inside is also very sci-fi and futuristic. Each MIX terminal device has a separate counter and a lazy sofa next to it. The spacing is large, and thousands of people coming in are not crowded, let alone 300 experiencers.

The enthusiast couldn't wait to put on the MIX device, and soon he subconsciously exclaimed: "Wow!"

"Woc! It's really awesome!"

"I can't believe that this product can be born in this era."

"Too shocking!"

"Is it that the science fiction movie is not sci-fi enough, or the reality is too sci-fi..."

"A black technology product."

"Xingyu Technology only sells this product for less than 10,000 yuan. President Qin is confused and doesn't know how to do business!"

"Hahaha!"

"If President Qin doesn't invite you to be the sales president of Xingyu Technology, it will be a blood loss."

"Hahaha!"

"Buy, buy, buy, buy until President Qin loses 2333..."

The quiet experience venue has become quite noisy at this moment, basically all the exclamations from the experiencers, some standing, some leaning against the counter, and some sitting on the lazy sofa.

At this moment, the electronics enthusiast stood by the counter where he was. In his first-person perspective, there was a lifelike 3D model. After a while, he raised his hand to interact with the gestures, and subconsciously said: "It's so cool, it's just like the déjà vu in Iron Man, isn't it..."

When he was dragging and rotating the 3D model with gestures, the first thing that came to his mind was the scene in "Iron Man" where the male protagonist Tony used holographic projection technology to operate his armor 3D model.

A very strong sense of déjà vu, except that the movie was a naked-eye holographic projection, and there was no need for a head-mounted device.

But at this moment, the interaction between the digital world and the physical world through the MIX terminal was still enough to shock him. After experiencing it personally, the people present still felt that this was not a technology that could be available in 2017.

The experiencers present were either interacting with the AI ​​assistant Xiao Ling, or experiencing panoramic immersive 3D movie blockbusters, or experiencing immersive games, or experiencing social interaction, or experiencing auxiliary office, etc.

They found that the content richness on the MIX platform greatly exceeded their expectations. Some of them had bought VR headsets, but after personally experiencing the MIX headset terminal, they strongly felt that there was no gap without comparison, and instantly felt that the headsets they bought before were simply relying on defense.

One of the first batch of experiencers said in a very confident tone: "This product is simply crushing the similar headset terminal competitors at the moment, and it is a comprehensive crushing. It is no exaggeration to say that it is a dimensionality reduction attack. MIX already has all the characteristics of a phenomenal hit."

……