Xiaomi To Ship Over 100 Million Smartphones In 2018: Report

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Xiaomi will sell over 100 million smartphones in 2018, if the lastest report is to be believed. Industry sources are claiming that Xiaomi has continued to ramp up its shipments globally, and that its shipments will cross 100 million units by the end of this year, which would be a considerable improvement over 2017 when the company managed to sell around 70 million smartphones. Sources are estimating that the company's shipments may be 43 percent higher compared to last year.

Now, the company actually has some big plans for the future, as it plans to raise funds through a public offering in order to expand overseas, as the public offering would help the company increase its smartphone output. If a recent report is to be believed, Xiaomi may sell shared valued at $65-$70 billion through an IPO next month, though nothing has been confirmed just yet. Foxconn, Inventec, Largan Precision, and TSMC, companies that are a part of Xiaomi's supply chain, are actually expecting new orders from the company due to its expansion. Now, Xiaomi has managed to strive this year, it claimed the number one spot in India by dethroning Samsung, while the company is actually doing really well in China, and in a number of other markets as well. This may come as a surprise to quite a few people, especially if the Chinese market is concerned, as smartphone sales in China declined YoY, so Xiaomi's sales number may be quite surprising for some.

The company actually announced its Mi MIX 2S flagship recently, while the Mi 6X mid-range became official last week. Xiaomi is expected to rebrand the Mi 6X soon, and re-release it as the Mi A2, its second-gen Android One handset. The Xiaomi Mi 7 is also expected to arrive in the coming weeks, and if a poster which surfaced earlier today is to be believed, the device may land on May 23. The Xiaomi Mi 7 will be the company's all-new flagship, and it will stand side-by-side with the Mi MIX 2S. The Xiaomi Mi 7 was actually expected to arrive this month (April), but Xiaomi opted to postpone its launch due to the recent arrival of the Mi MIX 2S.

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