Only Apple, OnePlus and Samsung Will Survive In the Next 5 Years, Predicts OnePlus Co-founder
The Chinese smartphone maker OnePlus has some solid gameplan for the next five years. According to the company co-founder Carl Pei, there will be just three companies that will be able to survive in the smartphone market over the next five years.
“In 5 years I think it will be Apple, OnePlus and Samsung because there’s no more room in the market,” said Pei in a statement to USA Today. “Everyone else would’ve died because they couldn’t reach the scale they wanted fast enough or they couldn’t have a margin to sustain their business. Look at the soft drink space: there are only two players, Pepsi and Coke.”
That might seem funny to hear from the head of a company which was founded less than two years ago, and has its core business based on selling phones at cost. But Pei is hopeful that if people continue to love their products as they currently do, OnePlus isn’t going anywhere; they will only grow and make money.
Their first smartphone, OnePlus One, arrived in April last year, and the company had sold nearly a million phones by the end of the year, with about 20 percent sold in the U.S.
The incredible popularity gained by OnePlus One is attributed to the three unique features: its high-end hardware, low cost and the invite-only system. Initially, users could only purchase the handset if they had invite from other user who already owns the phone.
Now, they’re back with the OnePlus 2, and the executive expects to sell 3-5 million units by the end of 2015. But more than achieving that goal, Pei said they are interested in what consumers think of their products.
Pei also revealed that another OnePlus smartphone is on its way that would be out around Christmas. Do you think it could be the long-rumored OnePlus Mini model?
Gohar is the lead editor at TechFrag. He has a wide range of interests when it comes to tech but he's currently spending a big chunk of his time writing about privacy, cyber security, and anything policy related.