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Xiaomi's CEO: We will probably be the largest smartphone manufacturer in the world in 5 to 10 years

Posted: , by Peter K.

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Xiaomi's CEO: We will probably be the largest smartphone manufacturer in the world in 5 to 10 years
Just four years and a half ago, nobody had heard about Xiaomi, simply because this fast-growing Chinese company was non-existent at the time. Although its products are only available in select Asian markets as of now, Xiaomi has climbed all the way up to the top spots of the smartphone market (recently surpassed by Lenovo), selling more devices than older major players such as LG, Sony, HTC, and many others. Xiaomi's crusade for the lion's share of the smartphone market is nowhere near finished, mind you.

Xiaomi's CEO, Lei Jun, which happens to currently be the 23rd richest man in the Middle Kingdom, claimed that the "Apple of China" will surpass Apple and Samsung in the following years and become the largest smartphone manufacturer in the world. In particular, Lei Jun said that he believes his company will be the best-performing smartphone maker in a 5- to 10-year time window. Interestingly enough, Lei Jun seemingly hints that Xiaomi will launch its products globally only when it climbs to the top. 

It was also disclosed that Xiaomi currently has an active userbase of roughly 60 million users, and it is expected that by the end of 2015, this number would have jumped to 200 million users. Naturally, this tells us that Xiaomi once again expects to sell over a 100 million devices throughout the upcoming year. 

If we take into consideration Xiaomi's growth rate (back in July, it was the fifth-largest maker globally; now, it's the third), its scheduled market expansion, and the financial problems that Samsung is currently experiencing, we can't help but think that Xiaomi can actually meet its ambitious goal earlier than predicted. 

source: CNBeta (translated) via GSMDome

41 Comments
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posted on 20 Nov 2014, 04:27 9

1. dimas (Posts: 2147; Member since: 22 Jul 2014)


Nokia, the original wallet bender will rise from the ashes after the war is cleared. Xiaomi can be optimistic but competition will be great in just 2 years.

posted on 20 Nov 2014, 04:58 3

6. ihavenoname (Posts: 1693; Member since: 18 Aug 2013)


Loading...

posted on 20 Nov 2014, 09:26

28. neela_akaash (Posts: 1195; Member since: 05 Aug 2014)


undoubtedly it will......

posted on 20 Nov 2014, 09:06

26. PhenomFaz (Posts: 1236; Member since: 26 Sep 2012)


Te way things are shaping up for Xiaomi their predictions might come true even sooner than they expect!

posted on 20 Nov 2014, 09:51 2

30. walnuttt (Posts: 153; Member since: 11 Apr 2014)


Keep dreaming Xiaomi, keep dreaming on nothing!

posted on 20 Nov 2014, 04:30

2. ManusImperceptus (Posts: 724; Member since: 10 Jun 2014)


Considering how fast the success of companies in the tech- and particularly the smartphone industry wanes and fluxes, I'd say peering 10 or even 5 years into the future is a bit ambitious...

Hubris is a word that comes to mind!

posted on 20 Nov 2014, 04:37

3. gaara6775 (Posts: 738; Member since: 20 May 2014)


How much he earns?? Net worth?

posted on 20 Nov 2014, 04:42 3

4. meanestgenius (Posts: 11781; Member since: 28 May 2014)


Very ambitious....and presumptuous.....however, time will tell.

posted on 20 Nov 2014, 04:47

5. itsdeepak4u2000 (Posts: 3718; Member since: 03 Nov 2012)


Well they should just focus more on availability and quality at the moment.

posted on 20 Nov 2014, 05:10

7. Iodine (Posts: 1338; Member since: 19 Jun 2014)


We had already seen aggain and aggain that a strategy of blatantly copying Apple doesn't work long term like in samsung's case.

Being proud for calling themselves the Apple of china and selling things for no profit will not help that either.

posted on 20 Nov 2014, 06:26 2

14. jdoee100 (Posts: 334; Member since: 04 Jun 2013)


LOL, what is there to "blatantly copy"? apple's ancient 8 megapixel camera? or its dual core cpu, or its size of phones which is still playing catch up to Samsung phones? or its deficient memory,,etc. LOL, yeah, Samsung is working really hard to make their phones feel old and cranky as the iphones.

posted on 20 Nov 2014, 05:11

8. iluvsonynokia (Posts: 144; Member since: 27 Aug 2013)


BUT QUALITY??????????????????

posted on 20 Nov 2014, 05:25 1

9. phljcnth (Posts: 485; Member since: 30 Apr 2012)


Be that as it may, never will I turn to a china phone.

posted on 20 Nov 2014, 07:07 1

16. JunitoNH (Posts: 1805; Member since: 15 Feb 2012)


Don't know what are you talking about. Most phones are manufactured in China, so indirectly you are getting phones from there; products like the iPhone, being manufactured in Asia gives them an advantage. That is, they can copy the designs, launch first a product, and pass them as their own. In essence, you have built in spies.

posted on 20 Nov 2014, 07:14

18. androiphone20 (Posts: 1654; Member since: 10 Jul 2013)


Chances are the phone that you own right now was assembled in China.

posted on 20 Nov 2014, 07:43

24. phljcnth (Posts: 485; Member since: 30 Apr 2012)


I didn't say phone made in and of China. The Chinese-branded smartphone market itself is so populated with Samsung knock-offs and Apple imitations. That kind of reputation established so well to me. Anyway, each to his own.

posted on 20 Nov 2014, 11:56

36. rahul.niks (Posts: 86; Member since: 31 Oct 2013)


Its ui may be apple based but not its features, also it is not any's knockoff, plz try a one and then comment on xiaomi, n one more thing i am not Chinese and don't like China but the thing is xiaomi is awesome

posted on 20 Nov 2014, 16:23

42. phljcnth (Posts: 485; Member since: 30 Apr 2012)


I borrowed my friend's Xiaomi Mi3 last week and I find it a decent phone. But still it won't change my preference.

posted on 20 Nov 2014, 10:38 1

35. NexusX (Posts: 507; Member since: 16 May 2013)


the chinese are doing all your dirty work, breathing down your pollution. so your dumbass can still afford to buy the latest technology while sitting in your office cubicle and commenting on this website

posted on 20 Nov 2014, 16:06

40. phljcnth (Posts: 485; Member since: 30 Apr 2012)


What does that have to do with my comment? Read comment #24 and stfu.

posted on 20 Nov 2014, 05:37 1

10. totally_rad (Posts: 13; Member since: 29 Jan 2013)


i really hope that never happens.

posted on 20 Nov 2014, 06:12 4

11. SPASE (Posts: 205; Member since: 03 May 2013)


Largest manufacturer??? I think the title goes to Foxconn.

posted on 20 Nov 2014, 06:13 1

12. HugoBarraCyanogenmod (Posts: 1134; Member since: 06 Jul 2014)


Sorry commenters above, with the killer price that XiaoMi offered, even India is rocking with it.

posted on 20 Nov 2014, 06:52

15. Settings (Posts: 1602; Member since: 02 Jul 2014)


I'd rather buy Moto G rather than that cheap ugly dead end phone.

posted on 20 Nov 2014, 09:25 1

27. neela_akaash (Posts: 1195; Member since: 05 Aug 2014)


at the price of moto g, just go and buy Mi3. More than twice the performance at almost similar price range...

posted on 20 Nov 2014, 10:08

32. Settings (Posts: 1602; Member since: 02 Jul 2014)


If my Mi3 accidentally broke, where in Thor's name will I bring it?

posted on 20 Nov 2014, 15:48 1

39. Neo_Huang (Posts: 1067; Member since: 06 Dec 2013)


If it broke Motorola isn't going to fix it for free either.

posted on 20 Nov 2014, 16:50

43. Settings (Posts: 1602; Member since: 02 Jul 2014)


I am not after free service. I see Motorola service center on a mall but nowhere to be found a stupid XiaoMi service center. No aftersales service eh?

posted on 20 Nov 2014, 12:00

37. rahul.niks (Posts: 86; Member since: 31 Oct 2013)


Sry buddy but i am using both and as much as i like my moto, i just can't compare it to mi3,,,mi3 is a great phone except its battery life, n every other thing is in mi3's favour, design depends on u

posted on 20 Nov 2014, 23:29

49. laughmi (banned) (Posts: 283; Member since: 28 Oct 2014)


If you have used Mi3/4 you will throw away Moto x, x+1 both. Moto G is not even in the league of these phones. Its just a beginners phone and unfair to compare with a premium product like Mi3/4. should be compared with Redmi 1s

posted on 20 Nov 2014, 06:13

13. Bondurant (Posts: 426; Member since: 04 Jun 2014)


On the contrary, from next year onwards Xiaomi will start to dip and be unsustainable. All manufacturers (the chinese have already started since this year) including Samsung will target the type of category Xiaomi were focusing on solely, and in no way Xiaomi has the either the size or R&D capabilities to match a fight.

posted on 20 Nov 2014, 09:44

29. Chuck007 (Posts: 1115; Member since: 02 Mar 2014)


Which really doesn't mean much cause they can reach that goal with China alone. I'd like to see them attempt something Apple never thought of. Then they'd be worthy of respect.

posted on 20 Nov 2014, 09:56

31. joonlin (Posts: 11; Member since: 26 Feb 2014)


If they can prove that Xiaomi phone have decent quality than other competitors. Many peoples perceive perception of this is a china product, it will explode anytime.

posted on 20 Nov 2014, 10:08

33. Denco (Posts: 118; Member since: 25 Mar 2014)


That's what I call 'Xiaomirage'!

Optical illusion. Hallucination. A psychotic condition caused by a mix of myopia and megalomania.

And do you think Apple and Samsung will be sleeping off while you become world's largest smartphone maker in 5-10 years?

And this is a brand that has not sold a single phone in Africa, one of fastest growing, densely populated smartphone consumer regions in the world.

Samsung exploded to the top within 4 years and now has peaked and is losing pace.

So, how does Xiaomi think it will keep its current explosive fame up to the next 10 years when competition is getting stiffer by the day?

posted on 20 Nov 2014, 10:26

34. thanhabz (Posts: 2; Member since: 18 Nov 2014)


the xiaomi is dreaming....

posted on 20 Nov 2014, 17:45 1

44. xperiaworld55 (Posts: 12; Member since: 08 Sep 2014)


Xiaomi crushes moto in india........

posted on 20 Nov 2014, 21:28

46. mattinthehat (Posts: 1; Member since: 20 Nov 2014)


All phones are made in China. All of them. Best case, your phone parts were all made in china and then assembled in Korea.

posted on 20 Nov 2014, 22:59

47. techloverNYC (Posts: 601; Member since: 20 Nov 2012)


Not hard to see it happen. Especially their phone is dirt cheap considering the specs.

posted on 20 Nov 2014, 23:26

48. laughmi (banned) (Posts: 283; Member since: 28 Oct 2014)


Xiaomi is a good upgrade for iP6 owners. You need to use them before you know how good they are.

posted on 22 Nov 2014, 00:02

52. GreenZone (Posts: 146; Member since: 04 Mar 2014)


Yes, Xiaomi is a good upgrade for your brain

posted on 21 Nov 2014, 01:16 1

51. Spedez (Posts: 450; Member since: 29 Aug 2014)


China is the largest and most ruthless copycat in the world. Stop breeding there and consuming and polluting the planet with your 1+ billion people.

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