Xiaomi earn more than $ 1 billion in India by 2016

Xiaomi announced today that it has crossed worth 1,000 billion dollars (Rs 6800 crore) revenue in India during 2016. The company was able to achieve this goal in the second year of its operations in India. The announcement comes shortly aftercompany sold over a million smartphones in 18 days. The company also said it sold more than 2 million smartphones in the third Q of 2016, an increase of 150%.

“We are really excited to announce that Xiaomi has accomplished this historic feat to record more than US $ 1 billion in sales achieved within two years we launch our operation in India. 2016 has been an incredible year for us and we were able to reach several milestones” said Manu Jain, head of Xiaomi India.

“This result is a great motivation for us to suffer even more high quality and disturbing products in the next year. There is much talk of love and trust that I have fans from Xiaomi, and we are extremely grateful to all those who were part of our trip. We expect 2017 will be even better, “he added.

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Here are some of the main stages of Xiaomi successes in India in 2016:

  1. Xiaomi became the No. 3 smartphone vendor in India in the third quarter of 2016
  2. My India has crossed 2 million smartphone sales in Q3 2016
  3. According to IDC, note 3 to redmi was the highest smartphone sent by the company
  4. smartphone redmi 3 Series has become the best selling devices.

According to the latest data from International Data Corporation (IDC) Chinese suppliers have captured approximately 40 % of the smartphone market in India. Xiaomi taking third place with a market share of 10.7 %. Samsung currently leads the smartphone segment in the country, and Lenovo is in secound possition.

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