Business

Xiaomi posts record-smashing Q2 results with 23M phones sold worldwide

Xiaomi had a rough 2016, but things are starting to look up for the Chinese maker in 2017. The company announced that Q2 was its most successful quarter with 23 million phones sold across the globe.

Xiaomi CEO Lei Jun said the amount of sold phones is 70% more than it was in the previous three-month period.

The good economy climate is among the reasons for the positive numbers. Sales in India grew 328% year-over-year. The Redmi Note 4 became the highest shipped smartphone in the country, and the company even opened its first Mi Home in Bengaluru two months ago.

Xiaomi is aiming to reach revenue of CNY100 billion (about $14.7 billion) by the end of 2017 and sets a target of 100 million shipments in 2018.

Via