Xiaomi surpasses $1 Billion in Revenue in India - The Hipster Post
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Xiaomi surpasses $1 Billion in Revenue in India

Less than 2 years after Xiaomi entered Indian market with the launch of the Xiaomi Mi 3 in July 2014, The Chinese mobile phone major has crossed the revenue of $1 billion (around Rs 6,800 crores) in India in 2016. The announcement come soon after Xiaomi said that it’s sold more than 1 million smartphones in India in the initial 18 days of October 2016. In terms of shipments Xiaomi was one of the top 3 smartphone brands of Q3 2016. The company sold over 2 million smartphones in India, crossing that milestone in Q3 2016, a 150% year-on-year growth from the same period in 2015. According to International Data Corporation (IDC), Redmi Note 3 was the highest shipped device in the history of online smartphone industry, with more than 2.3 million devices sold in six months.