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Xiaomi India Hits $1 Billion Revenue Mark in 2016

Xiaomi India Hits: World most famous Xiaomi India has crossed more than $1 billion (calculating Rs 7,000 crore) revenue milestone in previous year 2016. As per online sources that achievement was revealed by Xiaomi India head Manu Jain in a world top ranking social media website Facebook post. Xiaomi has achieved this feat just two years after its foray in India.Jain also shared some more milestones met by Xiaomi in 2016. Firstly, the company crossed 2 million smartphone sale for the first time in Q3 2016, achieving ~150% Year on Year growth from Q3 2015 to Q3 2016. According to IDC, most popular smartphone Redmi Note 3 was the highest shipped device with more than 2.3 million devices sold in last six months. He also shared that Xiaomi Redmi 3S (along with Redmi 3S Prime) and Redmi Note 3 were respectively the #1 bestseller devices during Diwali’s Flipkart’s Big Billion Days and Amazon’s Diwali Shopping Festival.

Xiaomi India Hits $1 Billion Revenue Mark in 2016

At the ending, Redmi 3S and Redmi Note 3 contribute significantly to the online smartphone market with nearly 50% market share among top 10 smartphones in India. In the month of October 2016, Xiaomi announced it had sold more than 1 million smartphones in India in 18 days. The company also sold over 1 million Redmi 3S and Redmi 3S Prime smartphones on Flipkart and that is good news for Xiaomi users. Source | Source | Via