Xiaomi plans to sell 100 million smartphones next year

Xiaomi might still need to enter the US market properly, but this Chinese brand is doing great in other areas. According to a recent report, the company shipped 23.16 million handsets in the second quarter of this year, which translates to an impressive YoY growth of 70 percent.

Lei Jun, Xiaomi's founder and CEO, recently revealed the company's target for 2018. While the number shows that he expects the impressive growth to cool down, shipping more than 100 million smartphones in 2018 still looks impressive. Obviously, this is only a mildly optimistic forecast that might not turn into reality.

Xiaomi currently holds a 9 percent share in China, behind Huawei, Oppo, Vivo, and Apple. However, the sales numbers are impressive - over 9 million smartphones shipped in the first quarter locally. Xiaomi has no less than 123 retail stores in China and, as revealed by Lei Jun, the company plans to hire over 1,000 people in 2018 to improve its R&D capabilities.