Xiaomi sold 61.1 million smartphones in 2014

Xiaomi sold 61.1 million smartphones in 2014

After becoming the world’s third-largest smartphone maker, Xiaomi today announced that it has sold 61.1 million smartphones in 2014 and has generated RMB 74.3 (nearly $12 billion) revenue.

Xiaomi Global Vice President Hugo Barra on early Sunday revealed the new figures through his official Twitter account.

In a separate tweet, Barra says that the new smartphone sales resulted whopping 227 percent year-over-year growth.

Detailing the success to his employees, Xiaomi’s founder and CEO Lei Jun posted an open letter through his personal Weibo account which further reveals that the Chinese company has been investing in more than 20 hardware companies to expand its presence in the market and is set to add more partners this year to take on the competition.

After launching its Redmi 1S, Redmi Note and Mi4 smartphones last year, Jun says that the company earlier today announced the Redmi 2 and is all-set to introduce its next flagship smartphone as early as January 15 which would be called the Mi5.

Beijing-based Xiaomi entered India last year with partnering Flipkart and setup its new brand as Mi India. Within five months since its debut in the country in July, the company managed to sell as many as one million smartphones through its unique flash sale model.

This year, Jun announces that the company is in plans to enter even more markets to brighten its name.

In its journey of more than four years, Xiaomi faced some challenges from the highly competitive smartphone market. Even in India, the company recently got banned through an order passed by the Delhi High Court over a patent infringement suit filed by Ericsson. Some allegations were also surfaced in the last year that its user data is being transmitted to servers in China.

Moving forward despite of facing challenges and allegations, Xiaomi raised $1.1 billion at $45 billion valuation last month and is set to launch the Mi4 in India later this month.

Categories: Smartphones