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Xiaomi expects revenue to soar 50% to US$16b

(CRI Online)    18:00, March 06, 2015

Chinese smartphone maker Xiaomi is projecting its revenues are going to surge 50 percent to 16-billion U.S. dollars this year.

This would represent some 30-percent revenue growth compared to last year, when Xiaomi sales hit around 12-billion U.S. dollars.

But by comparison, Xiaomi's revenues are still well short of competitors such as Apple, which generated more than 180-billion U.S. dollars in revenues last year.

Last month, Xiaomi started selling smart wristbands and mobile power chargers on an online store it opened in the United States in a first step toward trying to crack the lucrative US market.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Ma Xiaochun,Bianji)

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