Xiaomi says it crossed $1 billion in income in India amid 2016

Xiaomi declared today it crossed $1 billion (Rs 6800 crore) worth of income in India amid 2016. The organization has possessed the capacity to accomplish this point of reference amid the second year of its operations in India. The declaration comes not long after Xiaomi said it has sold more than one million cell phones in 18 days. The organization had likewise said they sold more than 2 million cell phones in Q3 of 2016, guaranteeing 150 for each penny year-on-year development.

"We are genuinely eager to report that Xiaomi has accomplished this notable deed of recording over US$1 billion in income accomplished inside two years of us propelling our operation in India.
2016 was a unimaginable year for us and we could achieve a few points of reference," said Manu Jain, India Head, Xiaomi.

"This accomplishment is an incredible inspiration for us to convey significantly more high caliber, troublesome items in the coming year. It says a lot about the affection and trust Mi fans have for Xiaomi, and we are greatly grateful to everybody who were a piece of our trip. We anticipate a shockingly better 2017," he included.

As indicated by late information from International Data Corporation (IDC) Chinese merchants have caught around 40 for every penny of the cell phone advertise in India, with Xiaomi bringing the third spot with a piece of the overall industry of 10.7 for each penny. Samsung presently drives the cell phone fragment in the nation, and is trailed by Lenovo at second position.

Perused: Chinese cell phones pick up 40 for every penny of Indian market a year ago: Survey

Here are a portion of the key breakthroughs of Xiaomi's India accomplishments in 2016:

1. Xiaomi turned into the number 3 cell phone seller in India in Q3, 2016

2. Mi India crossed 2 million cell phone deals in Q3, 2016

3. As indicated by IDC, Redmi Note 3 was the most noteworthy dispatched cell phone by the organization

4. Redmi 3 arrangement cell phones turned into the top offering gadgets amid Flipkart's Big Billion Days deal, and Amazon's Diwali Shopping Festival.

While Xiaomi's financial plan Redmi arrangement has done well for it in India, the organization is as yet battling in its home market of China, where sellers like Oppo, Vivo and Huawei have figured out how to make strides. As per IDC's Q3 2016 information, Xiaomi was at number four in the China cell phone advertise with a 8.7 for each penny piece of the overall industry.