Xiaomi India has its best quarter ever, shipped record 9.2 million smartphones in Q3 2017


Xiaomi have been aggressively expanding its presence in India this year. The China based device maker released some of its top products such as Redmi Note 4, Redmi 4, Mi A1 Android One, Mi MIX 2 and Redmi Y1/Y1 Lite devices in India. In addition, it also opened Mi Home stores across major Indian cities to increase offline presence.

As a result the company has been rapidly rising to the top in the Indian smartphone market this year. Last month Xiaomi announced that it sold over four million smartphones during India's festive sale (Sep 20-Oct 19).

Having said that, Xiaomi India today has reached another milestone. The company has announced that it has shipped over whooping 9.2 million smartphone in the country in Q3 2017 for the first time. For comparison, the company shipped 100,000 smartphone in Q3 2014, and crossed 1 million mark in Q3 2015 and 3 million in Q3 2016. But this quarter it has shattered all previous records. The news was shared by Manu Jain, Group VP and MD of Xiaomi India.

According to research firm Counterpoint's latest report, Xiaomi posted 266 percent growth in Q3 2017, compared to the same quarter (Q3 2016) last year, and has 22 percent market shared in India. It also reported that the budget Redmi Note 4, Redmi 4A and Redmi 4 were the best selling smartphones in the country.

A separate report from Canalys suggested that Xiaomi is inching closer to dethrone Samsung to take the top spot in the Indian smartphone market. This is likely to happen in the next quarter.  It has a market share of 22.3 percent, marginally behind Samsung, whose market share is 22.8 percent.

The same is the case in the global market as well. Globally Xiaomi's shipments have crossed over 70 million units in the first ten months of this year, surpassing the target it had set. As per IDC, Xiaomi holds the fifth spot in the global market share as of Q3 2017. During the period, it sold 27.6 million smartphones, which is up by 102.6 percent, when compared to Q3 2016. 

Recently in a bid to expand its global presence, Xiaomi set foot into Europe starting with Spain. It currently sells two of its popular products: Xiaomi Mi A1 and Mi MIX 2, as well as couple of accessory and gadgets. It has also set up Mi Home stores as well. However, Xiaomi is yet to open shop in the U.S.

In related news, earlier today Xiaomi announced price cut on its best selling smartphone, the Redmi Note 4. Flipkart and Mi.com is now selling tghe 3GB/32GB Redmi Note 4 at Rs. 9,999, and the 4GB/64GB Redmi Note 4 at Rs. 11,999. You can read more over here (Link). 

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