07-07-2017 Haider Ali Khan
Xiaomi, one of the leading mobile sellers in the country has shipped 23.16 million smartphones into India in the second quarter of 2017 (Q2, 2017). The Chinese company registered a growth of nearly 70 percent from the previous quarter.
Xiaomi founder and CEO Lei Jun announced, “We shipped 23.16 million smartphones in Q2 2017, an increase of 70% from the previous quarter, marking a record high for Xiaomi’s quarterly smartphone shipments. This achievement signifies a major inflection point in our growth — after two years of internal recalibration, Xiaomi is once again embarking on a rapid growth trajectory.”
He said that relentlessly pursuing technological innovation, striving for operational excellence with users at core, upgrading into a new retail model, successfully integrating online and offline retail and explosive growth in our global business as a result of three years of investments have been the reasons behind this feat.
Xiaomi India’s revenue in the first half of the year is up 328% year-on-year and is currently the #2 brand in the overall Indian smartphone market. Redmi Note 4 has become the highest shipped smartphone in the country.
“In the next 12 months, we will need to hire thousands of R&D talent for our smartphone business and further bolster our innovation capabilities,” said Jun.
The company has also set a revenue goal of RMB 100 billion for itself and also to ship 100 million smartphones in 2018.