Chinese Newcomer Xiaomi Wants To Sell 40 Million Smartphones In 2014

Chinese electronics manufacturer Xiaomi is hoping to more than double smartphone sales in 2014, said its co-founder and CEO Lei Jun.

According to the post on the Sina Weibo social network, the company wants to shift 40 million handsets in the next 12 months in order to challenge the dominance of Apple and Samsung.

Xiaomi was founded in 2010, and just three years later became the fifth most popular smartphone brand in China – the world’s largest mobile device market. The company has been repeatedly accused of copying Apple, with Jun allegedly cultivating his public image to appear similar to Steve Jobs.

Great expectations

Privately owned Xiaomi released its first smartphone, the MI-One, in 2011. The company quickly gained market share in mainland China thanks to its cheap devices based on Google’s Android OS, with local information added through the proprietary MIUI interface.

On 25 September 2013, Xiaomi announced plans to open its first ever retail store in Beijing. Outside of China, Xiaomi smartphones are sold in New Zealand and Australia, and can be ordered from Mobicity in the UK.

In his post, Jun announced that the company had shipped 18.7 million smartphones in 2013 – about 60 percent more than in 2012. This year, Xiaomi is aiming higher, expecting to sell “at least” 40 million handsets. In comparison, Apple sold nine million iPhone 5S and 5C units in the first three days they appeared on the shelves.

Jun also revealed that the company’s sales revenues grew 150 percent in 2013, to 31.6 billion Yuan (£3.16 billion).

In August, Hugo Barra, vice president of product management for Android at Google, announced he was leaving the US company to work at Xiaomi. His resignation was tendered before it emerged Google co-founder Sergey Brin had separated from his wife and was now involved with Barra’s former girlfriend.

Barra previously confirmed that Xiaomi was opening an office in Singapore as part of its expansion out of China.

Meanwhile, Apple has just signed a distribution deal with China Mobile. The initial customer response has come below expectations, with a relatively modest 100,000 pre-orders in two days for phones on a monthly contract.

What do you know about IT in China? Take our quiz!

Max Smolaks

Max 'Beast from the East' Smolaks covers open source, public sector, startups and technology of the future at TechWeekEurope. If you find him looking lost on the streets of London, feed him coffee and sugar.

Recent Posts

Craig Wright Sentenced For Contempt Of Court

Suspended prison sentence for Craig Wright for “flagrant breach” of court order, after his false…

2 days ago

El Salvador To Sell Or Discontinue Bitcoin Wallet, After IMF Deal

Cash-strapped south American country agrees to sell or discontinue its national Bitcoin wallet after signing…

2 days ago

UK’s ICO Labels Google ‘Irresponsible’ For Tracking Change

Google's change will allow advertisers to track customers' digital “fingerprints”, but UK data protection watchdog…

2 days ago

EU Publishes iOS Interoperability Plans

European Commission publishes preliminary instructions to Apple on how to open up iOS to rivals,…

3 days ago

Momeni Convicted In Bob Lee Murder

San Francisco jury finds Nima Momeni guilty of second-degree murder of Cash App founder Bob…

3 days ago