Xiaomi overtakes Facebook, Tesla, Twitter on Fortune 50 list for 2019 

Xiaomi has now found a place in the Fortune 50 list for 2019. This is based on the market potential, and its evaluated ability to deliver output corresponding to inherent potential. These are the factors for the Fortune 50 list.  

Xiaomi overtakes other tech biggies

Xiaomi is placed in the seventh position in the Fortune 50 2019 listings. The rating system assigns scores to companies based on the above factors. This marks the Chinese smartphone’s debut in the Fortune 50 listings.  “To identify the Future 50, BCG examined 1,100 publicly traded companies with at least $20 billion in market value or $10 billion in revenue in the 12 months through the end of 2017. A company’s final score represents its outperformance across the following metrics when compared with peers of a similar size,” stated Xiaomi in an official blog post.  

Here, it is interesting to note that the latest Fortune 50 list comprises of mostly technology companies. Xiaomi’s is the only smartphone (consumer) company amongst the entries. The top slot here is held by Workday, while the tenth position is taken by Vertex Pharmaceuticals. Interestingly, companies like Tesla and Alphabet are placed below Xiaomi at the forty-eighth and eighteenth positions respectively. Check out below, the total list (Fortune 50) from first to tenth: 

• Workday 
• Square 
• ServiceNow 
• Contemporary Amperex Technology 
• Spotify Technology 
• Atlassian 
• Xiaomi 
• Ctrip International 
• Salesforce 
• Vertex Pharmaceuticals 
• Twitter (thirteenth position) 
• Alphabet (eighteenth position) 
• Tesla (forty-eighth position) 
• Facebook (forty-ninth position) 

In related news, Xiaomi’s Redmi recently stated that it had sold 100 million devices across the world, from 2014. The newest Redmi devices are the Redmi Note 8 and Redmi Note 8 Pro smartphones respectively. These, too, are in high-demand currently gauging user interest across various forums (even physical). The Redmi Note 8’s price starts from Rs 9999, whereas the Redmi Note 8 Pro has a starting price of Rs 14999 respectively.  

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