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Xiaomi plans to sell 100 million smartphones next year

Xiaomi Mi 6 Android flagship, Xiaomi plans to sell 100 million smartphones in 2018
Xiaomi Mi 6
After shipping over 23 million handsets in this year's second quarter, the Chinese brand announced an optimistic forecast for 2018, when they expect to sell more than 100 million smartphones.

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.


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> Expert Reviews and News on Laptops, Smartphones and Tech Innovations > News > News Archive > Newsarchive 2017 07 > Xiaomi plans to sell 100 million smartphones next year
Codrut Nistor, 2017-07-10 (Update: 2017-07-10)