Xiaomi said on Friday it has shipped over 100 million smartphones in India, its most important market, since beginning operations in the nation five years ago. The company cited figures from research firm IDC in its claim.
The Chinese giant, which has held the top smartphone vendor position in India for eight straight quarters, said budget smartphone series Redmi and Redmi Note have been its top selling lineups in the nation.
In India, the world’s fastest growing and second largest smartphone market, most handsets ship with a price tag below $200. Xiaomi, whose phones punch above their price class, has strictly adhered to the budget conscious market from the day it began operations in India. The company says it never makes more than 5% profit on any hardware product it sells.
In a statement, Manu Jain, VP of Xiaomi and MD of the company’s India business, said the company’s milestone today “is a testament to the love we have received from millions of Mi Fans since our inception. There have been brands who enter ..
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