TechnoclinicTechnoclinic
  • Home
  • APPS
  • CAMERAS
    • PRINTERS
  • GAMING
    • LAPTOPS
  • HDTV
  • NEWS
  • PHONES
    • TABLETS
  • REVIEWS
  • SOFTWARE
  • Contact Us!
Search
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Xiaomi India Claims Revenue Topped $1 Billion in 2016
Share
Sign In
Aa
TechnoclinicTechnoclinic
Aa
Search
  • Home
  • APPS
  • CAMERAS
    • PRINTERS
  • GAMING
    • LAPTOPS
  • HDTV
  • NEWS
  • PHONES
    • TABLETS
  • REVIEWS
  • SOFTWARE
  • Contact Us!
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Technoclinic > PHONES > Xiaomi India Claims Revenue Topped $1 Billion in 2016
PHONES

Xiaomi India Claims Revenue Topped $1 Billion in 2016

srijita
Last updated: 2017/01/05 at 4:31 PM
srijita
Share
SHARE

Xiaomi India Claims Revenue Topped $1 Billion in 2016

Xiaomi, which entered the Indian market less than two years ago, says its revenue in India in 2016 has crossed $1 billion (roughly Rs. 6.800 crores). Based in China, Xiaomi forayed into India with the Xiaomi Mi 3 smartphone in July 2014, and has since expanded its portfolio to include speakers, earphones, power banks, air purifiers, fitness bands, VR headsets, power banks, and accessories.

In a Facebook post celebrating the milestone, Xiaomi India head Manu Kumar Jain wrote, “Based on what we know, we are the first company to cross $1 billion in such a short period.” According to Jain, Xiaomi crossed some more milestones in 2016 as well. In terms of shipments, he wrote that Xiaomi is one of the top three smartphone brands as of Q3 2016. Xiaomi also says it sold over 2 million smartphones in India, crossing that milestone in Q3 2016, a 150 percent year on year growth from the same period in 2015.

Jain also pointed out that the Redmi Note 3 sold 2.3 million devices in six months, making the Xiaomi smartphone the most shipped device being sold online, he added. He also added that the Xiaomi Redmi 3S (and Xiaomi Redmi 3S Prime), and Redmi Note 3 were the top selling devices during Flipkart’s Big Billion Days, and Amazon’s Great Indian Sale, respectively.
These Xiaomi devices in particular were great picks in terms of value for money, and so it’s not surprising that they also contributed a lot to Xiaomi India’s bottomline. Jain said that the Redmi 3S (and Redmi 3S Prime) and Redmi Note 3 together account for nearly 50 percent of the marketshare among the top 10 phones in India.
Xiaomi’s announcement comes shortly after the company announced that it sold more than 1 million smartphones in India in 18 days, but it is now facing increased competition from a number of sources. While Xiaomi might have pioneered the “value-performance” segment in India, others Chinese companies are also making their presence felt in the space now; at the same time, the higher end but still budget segment is now dominated by OnePlus, and the OnePlus 3T is seen as genuine competition to phones that cost twice as much. Xiaomi’s flagship Mi 5 was also one of the best phones of 2016, but it’s now been completely overshadowed by the OnePlus.

Xiaomi’s certainly gotten off to an amazing start in India, but the question for it, going into 2017, is whether it can transition from a sprint to a marathon.

[“source-ndtv”]

TAGGED: 1, 2016, Billion, Claims, in, India, Revenue, Topped, Xiaomi

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
srijita January 5, 2017
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article ZTE Blade V8 Pro With Dual Camera Setup Launched at CES 2017; Project CSX Smartphone Hawkeye Unveiled
Next Article Flipkart’s iPhone 6 Exchange Offer: How to Get the Apple Smartphone at Rs. 9,990

Latest News

How to Prepare for the Mandatory Windows 11 Upgrade
LAPTOPS
How to Clean Your Flat-Screen TV The Right Way
HDTV
AI and Content Management: How Organizations Can Prepare for the Future
SOFTWARE
What is Application Software: Function and Features of Application
APPS
Case Study: Nissan and Teads’ Immersive Concept Car Campaign Transformed Scrolls into Stories
NEWS
Review of Hootsuite: Advantages, Drawbacks, Features, and Other Options
REVIEWS

Most Viewed Posts

  • Bengaluru Lady Turns Blinkit Conveyance Specialist For A Day And Her Choice Prompted Significant Changes In Application (1,227)
  • Choosing the Right Tablet for Blogging and Writing On the Go (1,147)
  • How to Start a Product Review Blog (Templates & Examples) (1,094)
  • How To Start A Review Blog and Get Free Review Products (1,083)
  • What You Need to Know About Smartphones vs. Tablet use of the Mobile Internet (1,060)

© 2023 TechnoClinic Network. TechnoClinic Company. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?