Xiaomi eyes over $2 billion revenue from India business this year

Xiaomi Redmi 4A

Latest News – Chinese handset maker Xiaomi is confident of clocking revenues in excess of $2 billion (Rs 12,867 crore) from its India operations this year, doubling its top-line over 2016.

The growth, according to Xiaomi India Head Manu Jain, will be driven by strong sales of its smartphones and further expansion of the brand in the country.

“We have seen 328 per cent growth in H1 2017 compared to same period last year. This was driven by strong sales of devices like Redmi Note 4, Redmi 4A and Redmi 4. 2X growth over last year is definitely achievable in 2017,” Jain told PTI.

The company had registered revenues of $1 billion last year.

According to research (Read More)

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