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Xiaomi avoids talking falling phone sales, aims at $14 bn revenue in 2017

Company aims for $14 billion in revenues in 2017, reports Tech in Asia

Steven Millward 

Xiaomi boss Lei Jun today talked in detail about the Chinese gadget maker’s year – but he studiously avoided revealing precisely how many phones it sold in 2016. After missing its 2015 phone sales target and then being whacked by Huawei and a bunch of other rivals in its home nation last year, many analysts reckon Xiaomi’s China stumble will contribute to a big drop for its budget smartphones. Billionaire serial entrepreneur Lei Jun described 2016 as a year of “excellent results” in an open letter. “We end the year with greatly ...

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First Published: Fri, January 13 2017. 11:08 IST
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