Xiaomi suffers a big blow, phone sales in 2015 were way lower than expectations

We knew this stage would come soon, but it has arrived sooner than our expectation. Last year, Xiaomi did not excel in creating the same buzz as it created with its phones in the year 2014. In December 2015, Xioami refused to disclose its sales numbers to the media. Many reports claimed that it might be due to uneven profits or unreached targets of up to 80-100 million devices in 2015. However, the actual sales number are out now and they are fairly disappointing for Xiaomi.

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Seemingly, Xiaomi only sold 70 million smartphones in 2015, which is 10 million less than its target. Even 80 million was not company’s original target, Xiaomi was targeting to sell around 100 million smartphones in the year 2015. The company did make sale increase of 16% annually, but it is considerably lower than 226% of sale increase in 2014.

Many would suggest that the reason behind the decline in sales figures is due to Xiaomi’s stint outside China. But, that’s not the only case, there are a variety of other reasons that lead to such crunch. In our opinion, Xiaomi did not have a unique business model to start with. Another reason is the shrinking domestic market in China and turtle growth in regions outside China. Honestly, the 2015 sales numbers do not look encouraging enough for a company like Xiaomi. With its grand sales in the year 2014, Xiaomi was able to attract many top-notch investors. This new sales report predicts a rocky road ahead for Xiaomi.