Xiaomi sold 18.7 million smartphones in 2013, eyes Singapore as the next market

Chinese smartphone sensation, Xiaomi announced it sold 18.7 million smartphones in 2013, more than double of what it sold a year earlier. Xiaomi had sold close to 7 million smartphones in 2012 and had aimed to sell 15 million in 2013, a target it upped to 20 million after crossing 15 million in the middle of the year. The company sold 3.225 million smartphones in December alone and hit pre-tax revenue of $5.18 billion in the year.

Xiaomi, which has now expanded to selling smart TV’s and Apple Airport Extreme like Wi-Fi routers now targets to sell 40 million units in 2014. It expanded from mainland China into Hong Kong and Taiwan in 2013 and is now entering Singapore, which the company officially announced yesterday.

The smartphone maker hired Google’s Android head, Hugo Barra last year to head its international expansion plans. Barra had hinted that Singapore, along with India, Russia, Indonesia, Latin America, and Thailand offer the sweet spot for Xiaomi.