In half a day, Xiaomi unloads $163 million worth of handsets
Former Google executive Hugo Barra, now a Xiaomi VP, posted on his Google+ page that those 720,000 phones represented sales of $163 million for the manufacturer. Last year, the company sold $90 million worth of handsets for the entire day. Xiaomi has nearly doubled that total, and still has a half a day remaining.
Xiaomi has managed to sell 250,000 units of its flagship Xiaomi Mi 4, which is priced at $300 USD. 460,000 Xiaomi Redmi 1S handsets, priced at $150 USD, have also been snapped up. And while $163 million in sales over a 12-hour period is nothing to sneeze at, online retailer Alibaba raked in $2 billion worth of sales during the first two hours of Singles' Day today.
source: +HugoBarra via TechCrunch