Xiaomi triples smartphone shipments in 2014 to 61.1 million units

Xiaomi triples smartphone shipments in 2014 to 61.1 million units
Lei Jun, founder and CEO of upstart smartphone manufacturer Xiaomi, announced on Sunday that it shipped 61.1 million handsets in 2014. That is a remarkable increase from the 18.7 million units that the company shipped the previous year. On a percentage basis, that works out to a whopping 326% year-over-year increase. In terms of revenue, the company brought in $11.97 billion which more than doubled 2013's revenue. Profits were not revealed.

The executive said that other manufacturers are now starting to copy Xiaomi's strategies. More companies are now looking to make quick, low-priced sales on the internet, instead of selling their wares through carriers or other retail locations. Xiaomi has been known for its "flash sales" where tens of thousands of phones are sold in seconds.

As we told you last month, Xiaomi recently raised over $1 billion in a new round of funding that was done at a valuation of more than $45 billion. That is the second highest valuation ever put on a private company by venture capitalists, surpassing the $41 billion valuation recently placed on Uber. It trails only the $50 billion valuation put on Facebook, with an investment in 2011 by Goldman Sachs.

It has been an amazingly heady ride for the company, which Mr. Lei founded in 2010. Today, the smartphone manufacturer introduced the Xiaomi Redmi 2S, a sequel to the Xiaomi Remi 1S. And we expect to see the Xiaomi Redmi Note 2 phablet and a new flagship introduced very soon.

source: WSJ

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12 Comments

1. pickachoo

Posts: 18; Member since: Jan 03, 2015

I wonder what the conditions of xiaomi's factory workers are like .I hope xiaomi knows how to balance producing low profit devices with fair and safe working conditions.

2. Carl3000

Posts: 240; Member since: Oct 11, 2014

If they're made in China, probably not.

3. spin9

Posts: 310; Member since: May 31, 2014

It's better to live in usa or eu and be unemployed and homeless

6. Kruze

Posts: 1285; Member since: Dec 30, 2014

Your comment made no sense at all.

10. gaara6775

Posts: 738; Member since: May 20, 2014

You will be unemployed because either you are handicap or lazy to go out n work. In this case you fall in the last category.

8. realjjj

Posts: 375; Member since: Jan 28, 2014

Xiaomi doesn't make the devices, they ofc use Foxconn and a bunch of others.

4. SPASE

Posts: 261; Member since: May 03, 2013

If they are doing so well, then why "Xiaomi recently raised over $1 billion in a new round of funding"

5. NightSurfer

Posts: 101; Member since: Sep 06, 2014

Will it dethrone Apple as second oem in terms of units sold this 2015?

7. realjjj

Posts: 375; Member since: Jan 28, 2014

This also means they had a poor Q4 despite growth in India and a price cut for Redmi 1S 4G and Note 4G. 26.1 mil units in the first half of the year, then in Q3 IDC puts them at 17.3 million units so 17.7 in Q4 and that is surprisingly poor. Huawei was behind them in Q3 but shipped some 25 million units in Q4, Lenovo gets 2 months of Moto sales in Q4 so they would be likely slightly above Huawei and even LG is very likely to pass Xiaomi in Q4 and kick them out of top 5 smartphone makers.

9. faizan-sharif

Posts: 98; Member since: Jun 26, 2013

this is because of the fact that Xiaomi is not currently resent in lot of markets, you are really seeing matter differently, they sold less because their market countries are limited though they have two bigger markets now china and india but huawei dealt them with launching low cost devices, i myself got honor holly at a price of $100 quite easily in UAE , you know xiaomi is no way in such sort of a country, so better wait when xiaomi will reach other countrie, bt see the competition direction is now been decided by them, thats a plus for a company,

11. afraaa

Posts: 138; Member since: Oct 23, 2014

quoted " Profits were not revealed. " and why !!! :)))))))))) The executive said that other manufacturers are now starting to copy Xiaomi's strategies " :))))))))))))))))))))))) hahahahah who's talking , king of pirates .. taste your own medicine b..tch !

12. PhoneCritic

Posts: 1354; Member since: Oct 05, 2011

I Would be very cautious with this company's number claims. What's the real story? Reminds me too much of the Dot com bust, Telecom bust, Mortgage bust etc.. of wall street. A quick meteoric rise only to have a equally quick fall. Do we really know what is going on behind the great firewall of China. Did they really sell that many phones? Will we see the CEO collect his raised funding ( from Equity firms ) and ditch the company? Every news outlet seems to have conflicting numbers for them. This is a close country where the government is know to manipulate all sorts of things to their favor when reality paints a different picture altogether

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