Chinese sensation smartphone maker, Xiaomi, aims to sell 40 million smartphones in 2014, its CEO Lei Jun said. The smartphone maker is expected to have sold close to 20 million smartphones this year. The first batch of its 2014 flagship MI3 smartphone sold 100,000 units in under 90 seconds of going on sale. Also Read - MIUI 13 design teased ahead of launch via latest MIUI File Manager update
Xiaomi, which sold close to 7 million smartphones in 2012 had targeted selling 15 million smartphones in 2013, which it easily overshot this year. The company hired Google’s Hugo Barra to help the company go international. Xiaomi had a valuation of $10 billion, which was almost double of what Nokia’s handset business was valued by Microsoft. Also Read - Mi 11 Lite first look: A OnePlus Nord CE competitor, is it?
Xiaomi is going to be one of the companies to watch out for in 2014 as it expands beyond China and disrupts the set business strategies of both global tier one vendors as well as local players that rely solely on Chinese ODMs. Barra thinks India is going to be one of the sweet spots for Xiaomi and success in both China and India – the biggest smartphone markets in the world – could push Xiaomi to easily surpass the 40 million target it has set for itself. Also Read - Redmi Note 10 price in India hiked again: Check the new price here