Xiaomi plans to ship 100 million smartphones in 2018
Driven by the Xiaomi Mi Mix 2S, which offers powerful specs at a reasonable price, Xiaomi hopes to sell over 100 million smartphones this year, according to analysts. This will be a 43% increase over last year, ending with a delivery of 70 million devices.
In addition, the company can finally enter the US market later this year or early next. According to reports from China, Xiaomi managers have met with US operators to discuss the sale of Xiaomi’s flagship smartphones in the country.
Although this may not be the best time for the Chinese manufacturer to push its products to the States, Xiaomi has so far escaped the negative ratings and problems that chased both Huawei and ZTE. These two manufacturer are accused of having close ties with the Chinese government, and the US government says the pair is spying on behalf of Beijing.
Earlier this year, US officials warned US consumers not to buy Huawei devices for fear of spying.
Xiaomi plans to raise funds through public offering to help increase smartphone production and expand its presence abroad. Earlier this month, it was said that the company will sell shares valued at $65-70 billion through IPO, which will be held next month.
The shares will be listed on the New York Stock Exchange. At the same time, companies in Taiwan, which are part of Xiaomi’s supply chain, expect new orders from the manufacturer due to its plans for global expansion. These companies include subcontractors such as Foxconn, Inventec, Largan Precision and TSMC.
Furthermore, Xiaomi and Foxconn have also cooperate for a circuit board lamination factory in India, where Xiaomi has topped Samsung as the most purchased smartphone brand.
In China, demand for smartphones is recovering a little after the industry suffered its first year of decline in 2017. To increase its sales by 43% this year, Xiaomi will have to boost smartphone sales in India and push even more to expand sales outside of its domestic market. Post from: GizBrain
http://szlifestyle.com/sz/2018/04/30/xiaomi-plans-to-ship-100-million-smartphones-in-2018/https://i2.wp.com/szlifestyle.com/sz/wp-content/uploads/2018/04/xiaomi-mi-mix2s.jpg?fit=1200%2C675https://i2.wp.com/szlifestyle.com/sz/wp-content/uploads/2018/04/xiaomi-mi-mix2s.jpg?resize=180%2C150TECH NEWSXIAOMIsmartphone,xiaomiDriven by the Xiaomi Mi Mix 2S, which offers powerful specs at a reasonable price, Xiaomi hopes to sell over 100 million smartphones this year, according to analysts. This will be a 43% increase over last year, ending with a delivery of 70 million devices. In addition, the company can...Martin JonesMartin Jonesmartinj@szlifestyle.comContributorMartin Jones is a writer at szlifestyle.comszlifestyle.com Tech News, Life Style, Reviews, Videos!