Xiaomi India breached $1 billion in revenue in 2016
Xiaomi may have had a bit of a scare in their home market of China mid-2016, but the second home for the company — India — seems to be accommodating enough.
According to the company, they crossed the $1 billion mark in revenues in 2016, which is certainly no joke. This, especially when you consider that it’s only been a bit over 2 years for Xiaomi in India.
Besides that, Xiaomi also created some other moments worth looking back at, namely:
Became the #3 smartphone vendor in Q3 2016 (as per smartphone shipments)
Crossed 2 million smartphone sale for the first time in Q3 2016, achieving ~150% year-on-year sales growth from Q3 2015 to Q3 2016
As per IDC, Redmi Note 3 was the highest shipped device in the history of online smartphones industry, with more than 2.3 million devices sold in 6 months
While we’d like to congratulate Xiaomi for achieving this feat, it remains to be seen whether Xiaomi will be able to recreate similar numbers or anything close with higher-end phones, which haven’t really received the same amount of love.