Xiaomi reports record high in smartphone shipments
Lei Jun, founder and CEO of Xiaomi attributed the growth to continuous investment in R&D
Xiaomi has hit an all-time high revealing it made 23.16 million smartphones shipments in the second quarter of 2017.
Lei Jun, founder and CEO of Xiaomi highlighted that the record reflected a 70% increase from the previous quarter. He also attributed the company's growth to continuously investing in research and development, plus it was granted 2,895 patents out of the 7,071 the company applied for.
Furthermore, Jun noted that the performance in India has seen positive growth, as the Redmi Note 4 model is now the highest shipped smartphone in the country.
Jun further noted that today's smartphone market is brutally competitive, he said: "We have to give our engineers the freedom to think outside of the box, and explore fearlessly without boundaries. We set no limit when it comes to innovation and investment. In the next 12 months, we will need to hire thousands of R&D talent for our smartphone business and further bolster our innovation capabilities."
He continued: "I told everyone at the start of the year that the most difficult times are behind us. I also set a humble revenue goal of AED 54 billion for this year. I am now confident we can achieve this goal.
"A new chapter for Xiaomi has just begun, and so many possibilities lie ahead of us. Our future is as vast as the constellations and beyond. Finally, let's just add another humble goal--to ship 100 million smartphones in 2018."