In the recent report, Xiaomi claims to have sold over 2 million smartphones in Q3 2016. Xiaomi’s India head , Manu Kumar Jain took his twitter account to reveal this achievement. Not only this, the Chinese handset manufacturer also claims to have witnessed 150 percent year-on-year growth compared to the same time last year i.e. Q3 2015.
Xiaomi entered the Indian market back in 2014 and after conquering the online sales, the company recently entered the offline segment as well through its Redmi 3S Plus. Moreover, it is not long when the company (via Flipkart) claimed to have sold over 1 million Redmi 3S smartphones in just four months. Further, Redmi 3S along with the Prime variant are tipped to be the best sellers in Q3 as well fuelling most of the shipments.
Coming back to the 2 million sold units, the data is said to be based on IDC report. According to a recent IDC (International Data Corporation) report, Indian smartphone shipments has crossed 30 million for the first time in a quarter.
Recently, several reports hovered over the internet about Xiaomi’s sales being shrunk. However, soon Xiaomi claimed that drop in sales will not effect the profit figures, thanks to its unique business model.
In a recent interview, Xiaomi’s global vice-president Hugo Barra told Reuters – “Basically we’re giving to you without making any money we care about the recurring revenue streams over many years. We could sell 10 billion smartphones and we wouldn’t make a single dime in profits,” – he added.