Xiaomi set goal to double its Smartphone production to 40Million

Xiaomi set goal to double its Smartphone production to 40Million

Chinese cheap/low cost Smartphone manufacturer namely Xiaomi, sold approx. 19 million handsets last year, up 160 percent from the year before, and it's wanting to quite double this variety in 2014.

Xiaomi aims to ship a minimum of 40 Million Smartphones in 2014.

In an indoor e-mail sent Thursday, Xiaomi business executive / CEO Lei Jun added that its total 2013 financial gain was 31.6 billion yuan equals to US$5.18 billion, up a 150% from the previous year, per a Sina NewsReport. Users of its Android-based software package, MIUI, conjointly exceeded 300 Million as of end of December 2013, disclosed Lei. The company was in huge pressure because it was unable to fulfill the large market demand last year, he said.
Mainland Chinese customers found it arduous to book a Xiaomi phone, with the phone maker claiming 10,000 handsets sale in 36 seconds and 1 minute in the month of December throughout the company's promotions in Hong Kong & Taiwan respectively.  Xiaomi's primary goal in 2014 is to increase its production capability, Lei said in his e-mail, noting that the corporate is committed to ship a minimum of 40 million smartphones within year. But market commentators are in doubt that if this formidable arrange may be completed as forty million units was "a terribly vast number", noting that LG's G2 phones had solely sold 30 million handsets globally.

They further added that whereas Chinese telecommunication operators had been actively launching 4G networks in their country, Xiaomi's devices which presently solely support 3G services were possible to be excluded from the market. However, a Forbes story printed Sunday titled "Why Apple should buy China's Xiaomi", noted that the expertise of Google and Apple had helped Xiaomi build a bigger Brand to challenge Apple in Chinese market, wherever its value points have given Xiaomi obvious blessings. The story steered the likelihood of acquiring Xiaomi, which might alter Apple to eliminate its robust competitors within the world's largest & fastest growing market and can facilitate Apple enter the low cost smartphone market in China's rural region in addition as South East Asia.

Summary: Chinese cheap / low cost smartphone maker says it clocked overall financial gain of US$5.18 billion and shipped approx. 19 million handsets last year & vows to ship 40 million in 2014.

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