Xiaomi is a relatively unknown name in North America, however, elsewhere they are really starting to make a name for themselves, especially after moving 34.7 Million phones in the first 6 months of 2015! These sales figures show a 33% growth this year and makes them now the 3rd largest exporter of phones. Xiaomi is expanding into new markets and with this momentum have become a big player in the market very quickly. TechCrunch has more details over here.
Xiaomi, which is valued at $45 billion and is the world’s third largest exporter of phones, this week expanded into Brazil and is thought to have a slate of other international expansions lined up for this year. That’s important because CEO and co-founder Lei Jun previously estimated that the company would sell 100 million smartphones this year. While 34.7 million in the first half of 2015 is impressive — Xiaomi said it represents a 33 percent increase on the first half of 2014 — the company is going to need to kick up its sales if it is to hit Lei Jun’s lofty target for 2015.