Vivo witnesses considerable growth in the smartphone industry, expanding its market presence globally. Famous for its focus on innovation, stylish designs, and feature-rich devices, Vivo has gained popularity, especially in Asian markets. The company consistently releases smartphones with advanced technology, contributing to its success in capturing a significant market share.
As of 2023, Vivo’s net worth is $50 billion.
Focusing on innovation and a variety of product ranges, Vivo expands its presence in the global smartphone market. Having its boundaries on 60+ countries with 400 million satisfied users. Continuous efforts to introduce new features and enhance product quality have played a key role in Vivo’s growth path.
The smartphones has its official manufacturing unit in China, Vivo Communication Technology Co. Ltd Produces all the Vivo phones, which we are using now. The company was founded in the year 2009 by Shen Wei with 40,000 customers initially.
Shen Wei a Chinese Entrepreneur and founder of Vivo phones, Currently positioned as the President of Vivo Technology companies. Shen Wei in the official Vivo site states that ‘Vivo is a user-centric brand and aims to produce great products. So that they give good purchasing experience to the audience’.
It is a subsidiary of BBK Electronics thus produces various products such as Oppo, RealMe and OnePlus. The company produces a wide range of innovative smartphones, smartphone accessories (headset, charger, etc…) and software services.
History of Vivo
In 2011, the company shifted its strategy to smartphones and quickly gained greatness in the mobile industry. In 2014, they introduced various smartphones with unique features, such as the world’s first smartphone with a 2K resolution display.
Over the years, Vivo continued to expand its product range by incorporating advancements like in-display fingerprint sensors and pop-up selfie cameras. The company’s commitment to cutting-edge features and stylish designs has contributed to its success in the mobile industry.
Eventually Vivo also expanded its global presence, entering markets outside of China. Finally Vivo establishes itself as a significant player in the competitive smartphone market.
The Headquarters of Vivo is located in Dongguan, Guangdong in China. Vivo possesses 10,000 employees, with 10 Research and Development centers in China.
As per Google research, the construction of Headquarters begin in the year 2020, expected to get completed in the year 2025. NBBJ is working on the construction of Headquarters and the location is Shenzhen’s Bao’an district ; the 32-story spiraling tower highlights an innovative design that embraces the urban-coastal site and reflects the company’s values.
Vivo’s Net Worth
Net worth of Vivo is about 50 Billion dollars (Approx.), the company’s production reaches 50 million units produced per year, and the sales per year are 49.5 Million units. The revenue per year is 46 million. Recent research by International Data corporation quotes that 7.4% of global smartphone sales come from two companies: Vivo and Oppo. Mutually it contributes 5% to the global market.
Notably sets a high benchmark in India mobile sales. The company provides separate sales features in India and it provides sponsorship for IPL matches to gasp the brand attention among the audience. Moreover the sponsorship gave beneficial aspects to the company.
Logistically the brand meets with lots of struggles to achieve success Shen Wei mentions that Nearly it takes 28 years to form a strong brand in the name of Vivo. They followed various strategies and made a user-centric approach followed by Ben fen philosophy. Vivo ranks fifth position in global leading smartphones.
Compare Vivo Phones by Specs
Smartphones of Vivo has advancements like in-display fingerprint sensors and pop-up selfie cameras, cutting-edge features and stylish designs. Thus Vivo phones should be preferred for its unique features.
Popular brand series of Vivo includes,
V Series: Known for offering a balance between features and affordability.
X Series: Typically focuses on providing advanced features and specifications.
Y Series: Targets the budget and mid-range segments, providing cost-effective options.
Jerome Chen is the CEO of Vivo in India. His usual quotation would be ‘Love India, Love Vivo!’
The Headquarters of Vivo is located in Dongguan, Guangdong in China. In India Vivo has its head office in Gurgaon Sector 44, Gurgaon, Delhi.