Xiaomi today announced that it had sold 34.7 million smartphones in the first half of this year. This impressive number represents a 33 percent rise over the amount of sales it managed in the first half of 2014. Also Read - Best laptops under Rs 40,000 in July 2021: Mi Notebook 14, Asus VivoBook 14, and more
We sold 34.7 million smartphones in 1H 2015 alone, a 33% year-on-year increase! Big thanks to Mi fans. RT the news! pic.twitter.com/5EGzJBDlDc Also Read - Friendship Day gifting ideas for your young tech-savvy besties under Rs 5,000Also Read - RedmiBook laptop launching on August 3, Mi Notebook-like design and colours teased
Mi (@xiaomi) July 2, 2015
While the number of smartphones sold in the first six months is quite impressive, it certainly casts a doubt over whether the company will manage to reach its full-year target. Earlier in the year, CEO Lei Jun estimated that the company will be able to sell around 100 million smartphones in 2015. The target though has been recently revised to a more conservative 80-100 million. Furthermore he also revealed that the company plans on raking in revenues between $16-32 billion this year.
Going forward, the $45 billion company will have to pull up its socks to be able to reach its targets. According to IDC, the smartphone market in China where Xiaomi is the market leader is reaching a saturation point, and shipments declined for the first time in six years during the first quarter.
Xiaomi is now on an expansion spree and after opening its accessories stores in Europe and the US, the company recently debuted in Brazil. It will start selling smartphones in the South American country from July 7. The company has previously revealed that it is targeting other markets including Turkey, Mexico, Russia and other parts of Southeast Asia.