Xiaomi sold 61.1 million smartphone units in 2014, more than three times compared to 2013

By January 4th, 2015 AT 3:36 PM

Xiaomi’s founder Lei Jun has announced that the company has sold 61.1 million smartphone units in 2014, which is more than three times (326 percent to be precise) of 16.7 million units sold in 2013. Xiaomi’s revenue stood at $11.97 billion in 2014, which is double the company’s revenue in 2013, though its profits weren’t revealed.

Xiaomi Logo

Xiaomi’s executives said that other manufacturers (like OnePlus and Micromax’s Yu) are now trying to copy their business model. The Chinese smartphone brand is famous for selling dirt-cheap priced devices in ‘flash sales’ via online channels. Xiaomi has had a stellar entry into the Indian smartphone market and it recently announced that it had sold over a million smartphone units in the country.

Xiaomi has also raised over $1 billion in a new round of funding at a valuation of over $45 billion. Their valuation is the second highest ever by a private company, trailing only by Facebook’s $50 billion valuation in 2011. Founded in 2010, the Chinese smartphone brand is now diversifying its product portfolio, which now includes television sets, tablets, smartphone accessories, and even an air purifier.

Source

Read more on:

Computer science engineer turned technology blogger. Following consumer electronics industry closely from 2006, he can now predict pretty much where the market is heading. He has a dream to own Android, Windows Phone and iOS smartphones all at the same time.

1
Leave a Reply

avatar
Photo and Image Files
 
 
 
1 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
0 Comment authors
Xiaomi opens Mi store in India, selling accessories as of now Recent comment authors
newest oldest most voted
trackback

[…] has taken its first step to decrease its reliability on Flipkart for selling its smartphone in the Indian market. The company has opened Mi Store in India, which is […]

Recent Posts

Bharti Airtel Simplifies ISD Tariff for Calls to Bangladesh and Nepal, Reduces Cost by 75%

Only a few days back we reported about Airtel’s noteworthy ISD roaming plans which offer one of the most convenient...

D2h Introduces Two Month Lock-in Period on Sports Channels, Makes a New Move for Cricket Season

With the new Trai tariff implementation already in the industry, the stakes have gone higher for the DTH providers. The...

Vivo V15 Goes on Pre-Orders in India Today, Here’s How It Compares With Rival Oppo F11 Pro

Vivo launched the V15 in India on Friday last week. Just like the V15 Pro, the new V15 also comes...