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Xiaomi, the third largest smartphone maker in the world, managed to sell 61.12 million phones in 2014. In 2013, the company had managed to ship only 18.7 million devices, and a paltry 7.2 million devices in the year before that.
On a YoY basis, Xiaomi posted a growth of 227% in its shipments in 2014. The company also posted revenue of nearly $12 billion — significantly higher than the $5.2 billion revenue it posted in 2013.
Xiaomi 2014: 61.1 million phones sold, ¥74.3B in revenue (nearly $12B)
— Hugo Barra (@hbarra) January 4, 2015
Xiaomi’s managed to dethrone Samsung as the number one smartphone vendor in China this year. Its growth this year was also fueled by its launch in other neighboring countries, including India which has already become the fastest growing market for the company. Xiaomi has already sold more than 1 million units of its devices in India in only 5 months since its launch there.
In 2015, the Chinese smartphone maker will expand to other new markets in Asia and surrounding regions and expects to sell at least 100 million smartphone unit in 2015. The company’s co-founder recently revealed that the Xiaomi will be unveiling its new flagship on January 15, with a new Redmi device being unveiled later today.
It was only late last month that Xiaomi raised US$1.1 billion on a valuation of US$45 billion.
[Via Techcrunch]
