Xiaomi Got 70 % Profit in Last Quarter

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Xiaomi Got 70 % Profit in Last Quarter

Xiaomi Got 70 % Profit in Last Quarter

Xiaomi is trying hard to become one of the best smartphone companies of world and it achieves another successful quarter recently.

According to reports, the company has sold 23.16 million smart phone around the globe in Q2 which is 70% above as compared to its smartphone sale last year during the same period. That was a difficult time for company and it was criticized by experts.

According to company’s CEO Lei Jun, they achieved this target not only by focusing on developing markets like India (increased by 328%) but also through improvement in sales network and eradicating production inefficiencies. The company is aiming to sell 100 million smartphones in the next year.

Xiaomi will try to achieve this by recruiting 1000 more research and development personnel. The year also saw launch of the first ever Surge chipsets of the company that are used in the smartphones. The company has also opened hundreds of stores in emerging markets which is improving its physical appearance. Few of these countries include Russia, India, Indonesia and Ukraine.





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