Xiaomi Says,It Crossed $1Billion Revenue In Indian Market In 2016

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Xiaomi announced today it crossed $1 Billion revenue in india during 2016.The company has been able to achieve this milestone during the second year of it’s operation in india.In the month of June 2014 Xiaomi entered the indian market.

As the Manu Jain,Xiaomi Indian head,says we are truly excited that Xiaomi has achieved this historic feat of recording over $1 Billion revenue achieved within two years of us launching our operation in india.2016 was an incredible year for us and we were able to attain several milestones in coming year.

This achievement is a great motivation for us to deliver even more high quality tech products in coming year.It speaks volumes about the love and trust Mi fans have for Xiaomi,and we are extremely thankful to everyone who were part of our success journey.We look forward to even better 2017.

According to International Data Corporation recent statistics report,chinese vendors have captured about 40% of smart phone market in india.The Xiaomi taken the third spot with market share of 10.7 percent .As the company says it has sold more than one million smartphones in 18 days.The company also said they had sold two million handsets in Q3 of 2016,claiming 150 percent year-on-year growth.

Xiaomi India also has plans to expand its monthly smart phone making capacity in its Foxconn unit in India every quarter. Jain said that the company makes around 75 percent of the phones its sells locally, in India. All models, except the high end Xiaomi Mi 5 are made in India. Xiaomi also plans to invest in more hardware and software companies in India such as its investment in Hungama in 2016.

Xiaomi India will also expand its data centre count to 500 in 2017 and add more staff at its Indore and Bengaluru call centres said Jain.

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