Xiaomi unveiled its first 'Mi Home' in Bengaluru and will soon expand to 4 other cities in India
Launched in August 2016, the Rs 6,999 Redmi 3S changed the game in the sub-10k smartphone industry
India overtook the US to become the world's second-largest smartphone market, reports Tech In Asia
Android buyers looking to upgrade their devices in 2017 list Xiaomi as their preferred brand
Says the company wants users to enjoy better products at an affordable price
China's Xiaomi is struggling to meet India's fast growing demand for smartphones even as its second local manufacturing facility setup in partnership with Foxconn will go online in the next few months.While Xiaomi's new manufacturing plant will help it boost local production to 95 per cent of all smartphones it sells in India, it says the demand for its affordable devices will still outstrip supply in the near term."In the next one year we need to solve the supply issue. I think two factories are not enough, we need to start working on the third. That might take another year or two, so we need to start working on it early," said Lei Jun, co-founder and chief executive of Xiaomi.While Jun boasted of the company's success in India, he said being able to sell devices only once a month in sales that last as little as four minutes was hurting the company. While millions of Indians are using Xiaomi devices, millions of other customers are disgruntled by the lack of devices.Xiaomi sells 90 .
The firm has also said it will create 20,000 jobs in the country in the next 3 years
Chinese smartphone giant aims to bring Mi Home stores to India; increase offline presence
Xiaomi India has become number one selling smartphone brand in online market with 29% share
In January, Xiaomi announced that it crossed the $1 bn revenue mark in India, reports Tech In Asia
Xiaomi, the country's second largest smartphone company by volume, is gearing up to take on market leader Samsung with new handsets, wider offline distribution and more production capacity. It has taken a little over 10 per cent of the market after entering India in mid-2014. And, is evaluating on entering new categories this year, said its new vice-president, Manu Jain.After capturing the second spot by the end of 2016, Xiaomi has raised the pitch in the affordable price segment with two launches this year. This segment is dominated by Samsung's J-series of smartphones. Launched in January, Xiaomi's Redmi Note 4 was a hit, with 250,000 handsets sold within 10 minutes. Its latest device, Redmi 4A, is priced Rs 5,999 and Jain contends it has better features and hardware than Samsung's hot-selling J2. Its handsets are priced to attract young buyers, as 85 per cent of its customers are between 18 and 34 years. About 75 per cent of smartphones sold i India are in the below-Rs 10,000 ...
The headphone is exclusively available on Mi.com from March 10
As of today, Xiaomi ships its products to around 14,000 pin codes every single week
Chinese smartphone brands like Huawei and Oppo are present for several years, reports Tech in Asia
The company wants to steer clear of splashy ads and promotional tactics
It is to increase its offline distribution in coming years
India's holiday quarter saw Chinese brands take up all the top five behind, reports Tech In Asia
The phone maker will roll out a chain of about 1,000 brick-and-mortar stores
Xiaomi must look ahead and prepare a road map for what is expected to be a very competitive year
He is leaving the company after three-and-a-half years for a new project based in Silicon Valley