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

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

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42 Comments

1. dimas

Posts: 3347; Member since: Jul 22, 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.

6. ihavenoname

Posts: 1693; Member since: Aug 18, 2013

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28. neela_akaash

Posts: 1239; Member since: Aug 05, 2014

undoubtedly it will......

26. PhenomFaz

Posts: 1236; Member since: Sep 26, 2012

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

30. walnuttt

Posts: 153; Member since: Apr 11, 2014

Keep dreaming Xiaomi, keep dreaming on nothing!

2. ManusImperceptus

Posts: 724; Member since: Jun 10, 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!

3. gaara6775

Posts: 738; Member since: May 20, 2014

How much he earns?? Net worth?

4. meanestgenius

Posts: 21798; Member since: May 28, 2014

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

5. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

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

7. Iodine

Posts: 1478; Member since: Jun 19, 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.

14. jdoee100

Posts: 334; Member since: Jun 04, 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.

8. iluvsonynokia

Posts: 161; Member since: Aug 27, 2013

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

9. phljcnth

Posts: 555; Member since: Apr 30, 2012

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

16. JunitoNH

Posts: 1946; Member since: Feb 15, 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.

18. androiphone20

Posts: 1654; Member since: Jul 10, 2013

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

24. phljcnth

Posts: 555; Member since: Apr 30, 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.

36. rahul.niks

Posts: 86; Member since: Oct 31, 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

42. phljcnth

Posts: 555; Member since: Apr 30, 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.

35. NexusX

Posts: 613; Member since: May 16, 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

40. phljcnth

Posts: 555; Member since: Apr 30, 2012

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

10. totally_rad

Posts: 13; Member since: Jan 29, 2013

i really hope that never happens.

11. SPASE

Posts: 261; Member since: May 03, 2013

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

22. FelicityShagwell

Posts: 457; Member since: Nov 16, 2014

Good one ;-)

12. HugoBarraCyanogenmod

Posts: 1412; Member since: Jul 06, 2014

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

15. Settings

Posts: 2943; Member since: Jul 02, 2014

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

27. neela_akaash

Posts: 1239; Member since: Aug 05, 2014

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

32. Settings

Posts: 2943; Member since: Jul 02, 2014

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

39. Neo_Huang

Posts: 1067; Member since: Dec 06, 2013

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

43. Settings

Posts: 2943; Member since: Jul 02, 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?

37. rahul.niks

Posts: 86; Member since: Oct 31, 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

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