Xiaomi sees 70pc rise in sales in Q2

Beijing: Tech major Xiaomi announced that it has shipped 23.16 million smartphones in the second quarter of 2017, a whopping increase of 70 per cent from the previous quarter. This comes after a period of continuous investment in technology, integrating sales across the online and offline platforms and increased growth in global markets especially in India, according to a letter issued by Xiaomi founder and CEO Lei Jun to employees. “This achievement signifies a major inflection point in our growth — after two years of internal recalibration, Xiaomi is once again embarking on a rapid growth trajectory,” Jun said at the company’s smartphone all-hands meeting on Friday. Xiaomi set a goal for this year to achieve a revenue goal of 100 billion yuan for the year. The founder took this opportunity to announce a new goal he has set — to sell 100m smart-phones in 2018. — IANS