Market Reports
Xiaomi sells 10 Lakh Smartphones in 18 days, becomes #1 Online Smartphone Brand in India
Xiaomi has announced that it has sold more than 10 Lakh (One Million) smartphones is a span of 18 days in India (from 1st of October to 18th). Recently they also claimed that they sold over 50,0000 units in less than three days in between 1st of October to 3rd October. Last month Xiaomi claimed that its Redmi Note 3 became the best selling smartphone online with 2.3 Million sales in six months. With Diwali coming in few days, Xiaomi is offering discounts on many of its products.
It looks like Xiaomi is finding more growth in India and other International markets than its country China. The company entered the Indian market with e-commerce support and now sells its devices with top e-commerce in India like Amazon.in, Flipkart and Snapdeal. The popularity of Xiaomi products is increasing day by in India and we can see it through the numbers that have been put forward.
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“India is an extremely important market in Xiaomi’s globalization strategy. It has become our largest market outside of mainland China,” Jun wrote. “When we entered India, there was extremely fierce competition. We have achieved such extraordinary growth in India firstly because of our vision to bring innovation to everyone with our high-quality products at incredible prices.”
“Secondly, we have an amazing team in India. We will continue investing in India to deliver the best products to our Mi fans — expanding our supply, ensuring the high quality of our products, and further improving our after-sales service,” he added.
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Jun also mentioned that the company is looking to capture the largest market share in India in coming next three to five years. After the huge drop in the sales of the Xiaomi products in China, the company might plan to set up a manufacturing plant in India by looking at the number of sales in the past few days.
Are you using any of the devices from Xiaomi? If not, will you get one? Stay tuned to Phoneradar, and we will get back to you with more exciting news. Do comment in the section below to know more.