Xiaomi enters the Top 10 best-selling smartphones

by bold-lichterman

Strike for the Chinese Xiaomi which places 2 of its 3 smartphones in the top 10 of the best-selling smartphones in February 2014, ranking established by Counterpoint Technology Market Research.

Counterpoint

Thus the Hongmi Redrice, a mid-range smartphone, comes in 7th position before Samsung’s Galaxy S3, S3 mini, and followed in 10th position by the incredible MI3, a high-end smartphone with unparalleled qualities.

This arrival in the top 10 is all the more remarkable given that Xiaomi only markets its smartphones in China and has just expanded its catchment area to Hong Kong, Taiwan, and Singapore. Xiaomi would have marketed 11 million smartphones in the 1st quarter of 2014 and aims the 60 million units in 2014.

Founded in June 2010, by Lei Jun and Lin Bin, the mobile manufacturer Xiaomi now represents 5% of the smartphone market share, with 31 million smartphones sold in 3 years. Its valuation of 10 billion dollars must delight its investors Temasek, IDG Capital and Qiming Venture Partners.